Federated Hermes Inc. Raises Stake in Insperity, Inc. $NSP

Federated Hermes Inc. raised its position in Insperity, Inc. (NYSE:NSP) by 1,897.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,816 shares of the business services provider’s stock after purchasing an additional 28,323 shares during the period. Federated Hermes Inc. owned 0.08% of Insperity worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of NSP. Caitong International Asset Management Co. Ltd raised its stake in shares of Insperity by 49.3% during the second quarter. Caitong International Asset Management Co. Ltd now owns 548 shares of the business services provider’s stock worth $33,000 after purchasing an additional 181 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of Insperity during the 3rd quarter worth $58,000. Geneos Wealth Management Inc. increased its holdings in shares of Insperity by 32.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 182 shares in the last quarter. Winnow Wealth LLC acquired a new stake in shares of Insperity in the second quarter valued at about $72,000. Finally, State of Wyoming purchased a new stake in Insperity during the second quarter worth about $102,000. 93.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Insperity from $51.00 to $34.00 and set an “underweight” rating for the company in a report on Tuesday, November 4th. Zacks Research downgraded Insperity from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Roth Mkm set a $62.00 price objective on Insperity in a report on Monday, January 5th. Wall Street Zen downgraded Insperity from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Truist Financial dropped their price target on Insperity from $50.00 to $35.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, Insperity presently has a consensus rating of “Reduce” and a consensus price target of $48.25.

Insperity Stock Down 1.1%

NSP opened at $40.35 on Friday. The firm has a market cap of $1.52 billion, a P/E ratio of 87.71 and a beta of 0.47. The business’s fifty day simple moving average is $40.64 and its 200 day simple moving average is $45.48. Insperity, Inc. has a 52 week low of $31.00 and a 52 week high of $95.98. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 4.24.

Insperity (NYSE:NSP) last released its earnings results on Tuesday, November 4th. The business services provider reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.42). The firm had revenue of $1.62 billion during the quarter, compared to analysts’ expectations of $1.63 billion. Insperity had a net margin of 0.25% and a return on equity of 12.53%. Insperity’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.39 earnings per share. As a group, equities research analysts anticipate that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, December 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.9%. Insperity’s dividend payout ratio (DPR) is 521.74%.

About Insperity

Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.

The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.