Last $32.01 USD
Change Today -0.06 / -0.19%
Volume 52.8K
NSP On Other Exchanges
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New York
As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

insperity inc (NSP) Key Developments

Insperity, Inc. Forms Strategic Alliance with Independent Community Bankers of America

Insperity, Inc. announced a strategic alliance with Independent Community Bankers of America(R). Under the terms of the agreement, Insperity is designated as an ICBA Preferred Service Provider. ICBA members will have special access to offer and purchase numerous Insperity products and services, including Payroll Services, Time and Attendance, Financial Services and the HR Support Center. These offerings enable bankers to spend less time focused on the administrative aspects of operating their institutions and more time to develop client relationships.

Insperity, Inc. Approves Quarterly Cash Dividend, Payable on June 20, 2014

Insperity, Inc. announced that its board of directors has approved an increase in its quarterly cash dividend to $0.19 per share. The cash dividend, representing an increase of $0.02 per share over the prior quarter, will be paid on June 20, 2014, to all stockholders of record as of May 30, 2014.

Insperity, Inc. Announces Board Changes

Insperity, Inc. announced that Gregory E. Petsch has resigned from the company's board of directors. Upon Mr. Petsch's retirement, Insperity's board of directors appointed director Carol R. Kaufman to replace Mr. Petsch as lead independent director and chair of the nominating and corporate governance committee.

Insperity, Inc. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Insperity, Inc. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $636,999,000 compared with $611,836,000 for the same period last year. Operating income was $16,591,000 compared with $22,009,000 for the same period last year. Income before income tax expense was $16,612,000 compared with $22,087,000 for the same period last year. Net income allocated to common shares was $9,282,000 or $0.37 diluted per share compared with $12,790,000 or $0.51 diluted per share for the same period last year. EBITDA was $21,935,000 compared with $27,320,000 for the same period last year. Adjusted EBITDA was $24,335,000 compared with $29,630,000 for the same period last year. Revenues for the first quarter of 2014 increased 4.1% due to a 2.3% increase in the average number of worksite employees paid per month and a 1.7% increase in revenues per worksite employee per month.

Stadium Capital Calls For Insperity To Explore Strategic Options

Stadium Capital Management, LLC, which owns about about 9% of the common stock of Insperity, Inc. (NYSE:NSP) released a letter to the shareholders of Insperity stating that Insperity is trading at a steep discount to its intrinsic value. Stadium Capital has conveyed its intention for substantial governance change that are required at Insperity to generally maximize shareholder value and specifically allow for the facilitation of an independent strategic alternatives process. Stadium said, "We also believe a strategic alternatives process is warranted now because over a multiyear period the Company's operating results and share price have dramatically underperformed those of its competitors."Stadium Capital added that Insperity needs to engage new, independent financial advisors and create a special committee of the board, with a Stadium representative as Chair, to explore strategic alternatives for the Company.

 

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Valuation NSP Industry Range
Price/Earnings 28.8x
Price/Sales 0.3x
Price/Book 3.3x
Price/Cash Flow 16.5x
TEV/Sales 0.2x
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