Insperity Inc Stock Price, News & Analysis

Insperity, Inc. (NYSE: NSP) has extended its 20-year partnership with UnitedHealthcare (NYSE: UNH) for medical and dental coverage, enhancing benefits for its worksite employees. The new contract, which runs until 2026 for medical and 2024 for dental, aims to provide premium healthcare while achieving administrative cost savings beginning in 2022. This extension is expected to support national expansion and increase plan participation amidst rising healthcare costs. Insperity is committed to maintaining high-quality HR solutions and service excellence for businesses across the U.S.

Insperity, Inc. (NYSE: NSP) has declared a special cash dividend of $2 per share, in addition to its regular quarterly dividend of $0.45 per share. The total dividend payout is expected to return approximately $77 million to shareholders on December 20, 2021. Furthermore, the board approved an expansion of its stock repurchase program by 1 million shares, increasing its total repurchase capacity to 1.9 million shares. These measures reflect the company's confidence in its business model and aim to enhance shareholder value through dividends and stock repurchases.

Insperity, a top human resources provider, reported strong Q3 2021 results, with revenues rising 20% to $1.2 billion, driven by an 11% increase in average worksite employees (257,560). Net income stood at $27.3 million with diluted EPS of $0.70. YTD, revenues hit $3.7 billion, a 14% increase, though adjusted EPS fell 13% to $3.62 due to low prior-year benefits costs. The company anticipates continued growth, raising FY 2021 guidance, with average WSEEs expected between 250,100 and 250,600. Upcoming Q4 guidance reflects adjusted EPS of $0.61 to $0.81 and adjusted EBITDA of $271M to $282M.

Insperity, Inc. (NYSE:NSP) is set to report its third quarter earnings on November 1, 2021, after the market closes. A teleconference will be held at 5 p.m. ET to discuss the results and ongoing business trends. Interested parties can join via phone at 833-797-3715 or online at http://ir.insperity.com. Insperity achieved revenues of $4.3 billion in 2020 and operates over 80 offices in the U.S.

Insperity, Inc. (NYSE: NSP) has declared a quarterly cash dividend of $0.45 per share, payable on September 24, 2021, to stockholders of record as of September 10, 2021. With 2020 revenues reaching $4.3 billion and over 80 offices nationwide, Insperity has positioned itself as a leader in human resources and business performance solutions, aiming to support American businesses for sustained growth.

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.