Welcome to our dedicated page for Insperity news (Ticker: NSP), a resource for investors and traders seeking the latest updates and insights on Insperity stock.
Insperity, Inc. provides human resources and business performance solutions for small and midsize businesses in the United States. Company updates commonly address its professional employer organization model, Workforce Optimization and Workforce Synchronization services, worksite employee trends, pricing, benefits administration, payroll and compliance support, and sales and service operations.
Recurring developments also include earnings releases, conference-call materials, dividends and share repurchases, operating-expense actions, and product or partnership updates. The Insperity HRScale offering combines Insperity’s full-service HR support with Workday Human Capital Management technology, adding a recurring news theme around integrated HR services, workforce insights and technology-enabled administration.
Insperity reported strong second-quarter results for 2021, with revenues rising 19% to $1.2 billion and net income reaching $25.2 million. The average number of worksite employees paid increased by 7% to 243,270. Despite a 9% decline in gross profit to $199.6 million, largely due to higher benefit costs, client retention remained high at 99%. Adjusted EBITDA fell 35% to $60.2 million, and adjusted EPS decreased 41% to $0.91. The company updated its 2021 guidance, projecting continued growth in worksite employees and adjusted EPS ranging from $4.00 to $4.59.
Insperity, Inc. (NYSE: NSP) will announce its Q2 earnings post-market on August 2, 2021. Management will host a teleconference at 5 p.m. ET to discuss its financial results and business trends. Interested parties can participate via phone at 833-797-3715 or access the live webcast at ir.insperity.com. A replay of the call will be available for one week, with updated company guidance for Q3 and full-year 2021 provided on the Investor Relations site.
Insperity (NYSE: NSP) announced a 12.5% increase in its quarterly cash dividend, raising it from $0.40 to $0.45 per share. The new dividend amount will be distributed on June 24, 2021, to stockholders of record as of June 10, 2021. This increase reflects the company's ongoing commitment to returning value to its shareholders. With 2020 revenues of $4.3 billion, Insperity continues to enhance its position as a leading provider of human resources and business performance solutions.
Insperity, a top provider of HR solutions, reported a 5% revenue increase to $1.3 billion for Q1 2021, with net income of $61.9 million ($1.59 EPS). Adjusted EPS rose 7% to $1.82, driven by a stable client base and new sales. Gross profit increased 7% to $251.4 million, surpassing forecasts. Operating expenses grew 13% but were flat when excluding performance-based compensation. The company repurchased 340,000 shares for $29.7 million. Insperity raised its earnings outlook for 2021, with Q2 adjusted EPS guidance between $0.60 and $0.70.
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Insperity, a provider of human resources and business performance solutions, will announce its first quarter earnings on May 3, 2021, after NYSE close. A teleconference will follow at 5 p.m. ET to discuss quarterly performance and business trends, accessible via phone and webcast. Insperity reported 2020 revenues of $4.3 billion, supporting over 100,000 businesses with 2 million employees across the U.S. Further insights and updated company guidance will be available on their Investor Relations website.
Insperity (NYSE: NSP) announces the retirement of Jay E. Mincks, executive vice president of sales and marketing, effective March 31, 2021, after a 31-year career. He will serve as a special advisor until September 1, 2021. Mincks has significantly contributed to Insperity's growth and profitability. Ross L. Astramecki will expand his role to oversee sales development and operations, bringing over 20 years of experience and success in executing the company's sales strategy. Insperity, with 2020 revenues of $4.3 billion, supports over 100,000 businesses nationwide.
Insperity, Inc. (NYSE: NSP) has declared a quarterly cash dividend of $0.40 per share, which will be paid on March 25, 2021. Shareholders of record as of March 11, 2021 will receive this dividend. With revenues of $4.3 billion in 2020, Insperity supports over 100,000 businesses and 2 million employees across the United States, delivering a range of human resources and business solutions aimed at enhancing productivity and reducing liabilities.
Insperity reported 2020 results with a net income of $138.2 million and diluted EPS of $3.54, alongside a 15% rise in adjusted EBITDA to $288.6 million. Despite the pandemic's impact, average pricing rose 3%, offsetting a 1% revenue decline to $4.3 billion. Q4 saw a net income of $4.3 million and adjusted EPS of $0.49. The company expects average worksite employees (WSEEs) to rise modestly in 2021, projecting adjusted EPS between $3.27-$4.20. Operating expenses increased by 12% due to investments, while gross profit grew by 10% to $806.9 million.
Insperity (NYSE: NSP), a leading provider of human resources solutions, announced a strategic partnership with Salesforce, the global CRM leader. This collaboration aims to enhance Insperity's client data analytics, ultimately improving customer acquisition and retention strategies. Insperity's president highlighted the importance of creating a comprehensive client view to maintain its competitive edge. With over 34 years in the business and 2019 revenues of $4.3 billion, Insperity continues to support more than 100,000 businesses nationwide.