Insperity, Inc. $NSP Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its stake in shares of Insperity, Inc. (NYSE:NSP) by 7.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,884 shares of the business services provider’s stock after selling 221 shares during the quarter. Cresset Asset Management LLC’s holdings in Insperity were worth $257,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Private Trust Co. NA increased its holdings in shares of Insperity by 279.1% during the 1st quarter. Private Trust Co. NA now owns 326 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 240 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Insperity during the first quarter valued at $33,000. DekaBank Deutsche Girozentrale acquired a new stake in Insperity during the first quarter valued at $42,000. First Horizon Advisors Inc. increased its holdings in Insperity by 56.0% in the first quarter. First Horizon Advisors Inc. now owns 705 shares of the business services provider’s stock valued at $63,000 after buying an additional 253 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Insperity by 37.6% in the first quarter. UMB Bank n.a. now owns 1,168 shares of the business services provider’s stock worth $104,000 after acquiring an additional 319 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Eli Jones purchased 2,204 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was acquired at an average price of $45.41 per share, for a total transaction of $100,083.64. Following the acquisition, the director directly owned 12,847 shares of the company’s stock, valued at approximately $583,382.27. This represents a 20.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James D. Allison bought 4,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were acquired at an average cost of $46.82 per share, with a total value of $187,280.00. Following the purchase, the executive vice president owned 64,517 shares of the company’s stock, valued at $3,020,685.94. The trade was a 6.61% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 20,194 shares of company stock worth $925,981. 5.50% of the stock is currently owned by company insiders.

Insperity Trading Down 3.2%

Shares of NSP opened at $53.69 on Wednesday. Insperity, Inc. has a 52-week low of $44.14 and a 52-week high of $95.98. The stock has a market cap of $2.02 billion, a PE ratio of 50.65 and a beta of 0.47. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. The firm’s fifty day moving average is $56.93 and its two-hundred day moving average is $70.58.

Insperity (NYSE:NSP) last released its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.15). The business had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.66 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%.The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.86 earnings per share. Insperity has set its FY 2025 guidance at 1.810-2.51 EPS. Q3 2025 guidance at 0.060-0.49 EPS. Research analysts forecast that Insperity, Inc. will post 2.33 earnings per share for the current fiscal year.

Insperity Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 18th. Investors of record on Thursday, September 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.5%. Insperity’s dividend payout ratio is currently 226.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NSP shares. Roth Capital dropped their target price on Insperity from $85.00 to $74.00 and set a “buy” rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. lowered their price target on Insperity from $68.00 to $51.00 and set an “underweight” rating on the stock in a research report on Monday, August 4th. Truist Financial cut their price objective on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Finally, Wall Street Zen downgraded Insperity from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $58.33.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.