Mirae Asset Global Investments Co. Ltd. Grows Position in Insperity, Inc. $NSP

Mirae Asset Global Investments Co. Ltd. raised its position in shares of Insperity, Inc. (NYSE:NSP) by 12.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,528 shares of the business services provider’s stock after buying an additional 3,588 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Insperity worth $1,956,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its position in 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 acquiring an additional 240 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Insperity during the first quarter valued at $33,000. DekaBank Deutsche Girozentrale purchased a new position in Insperity during the first quarter valued at $42,000. First Horizon Advisors Inc. raised its stake in Insperity by 56.0% during 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 during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Insperity by 32.2% during the first quarter. Geneos Wealth Management Inc. now owns 747 shares of the business services provider’s stock valued at $67,000 after buying an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Paul J. Sarvadi sold 10,850 shares of the company’s stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $51.98, for a total transaction of $563,983.00. Following the completion of the transaction, the chief executive officer owned 428,001 shares in the company, valued at approximately $22,247,491.98. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eli Jones acquired 2,204 shares of the company’s stock in a transaction on Monday, August 4th. The shares were bought at an average cost of $45.41 per share, with a total value of $100,083.64. Following the acquisition, the director directly owned 12,847 shares in the company, valued at approximately $583,382.27. The trade was a 20.71% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 20,194 shares of company stock worth $925,981 over the last ninety days. 5.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

NSP has been the subject of several recent analyst reports. Truist Financial lowered their price target on Insperity from $70.00 to $50.00 and set a “hold” rating for the company in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insperity in a report on Wednesday. Wall Street Zen raised shares of Insperity from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. decreased their price objective on shares of Insperity from $68.00 to $51.00 and set an “underweight” rating for the company in a report on Monday, August 4th. Finally, Roth Capital decreased their price objective on shares of Insperity from $85.00 to $74.00 and set a “buy” rating for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Insperity presently has a consensus rating of “Reduce” and an average price target of $58.33.

Insperity Trading Down 1.3%

Shares of NSP stock opened at $47.82 on Thursday. The firm has a fifty day moving average price of $51.99 and a 200-day moving average price of $63.07. Insperity, Inc. has a 1 year low of $44.14 and a 1 year high of $95.98. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 45.11 and a beta of 0.46.

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

Insperity Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.0%. Insperity’s dividend payout ratio is 226.42%.

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.