Latest news with #Insperity
West Australian
16-05-2025
- Sport
- West Australian
Green in prime position to break Champions Tour hoodoo
Australian Richard Green made a long eagle putt and finished his round with a birdie to fire a nine-under-par 63 for a two-shot lead after one round at the Regions Tradition. Green, who has yet to win on the PGA Tour Champions, gave himself a nice head start on Thursday toward winning his first senior major championship. He sits two strokes ahead of a quartet tied at seven-under 65 - Jerry Kelly, Stewart Cink, New Zealand's Steven Alker and South Korea's Charlie Wi - at Greystone Golf & Country Club in Birmingham, Alabama. "Everything was going well," Green said. "I started really nicely, hit it really close a lot during the round. Just been a bit of a result of a lot of work." Green had drained six birdies through 11 holes before his eagle at the par-5 13th hole. The lefty reached the green in two and rolled in a fast-moving putt for eagle to jump to eight under and sole possession of the lead. He birdied his very next hole, a par-3, before bogeying No.16 and birdieing No.18. "Look, it's a marathon," Green said. "It's hard to play awesome golf every day, but certainly try. "It's just give yourself a chance, get through every day giving yourself a chance into the next day, giving yourself a chance into Sunday and then hopefully you're there with a chance on Sunday, that's all you can really do." Cink, who won the PGA Tour Champions' Insperity Invitational earlier this month, could be in the running for his first senior major title after a big day. He went six under par in a seven-hole stretch from Nos.7-13, with five birdies, one bogey and an eagle putt at No.13. "It feels great and there's some memories fresh from getting a win there, but it's not like you can go out there and just sleepwalk your way to winning," Cink said. "You've still got to do the right things. There's a reason we got a win (at the Insperity) and the reasons are what we have to keep doing here and forward and we'll hopefully pick up some more wins. But there's no guarantee." Alker has nine wins on the 50-and-older circuit to his name, but just one major, the 2022 Senior PGA Championship. He got off to a smooth start to the week with seven birdies and no bogeys on his card. "Everything's pretty solid," he said. "You've just got to try to get it in the fairway here because you never know, you could get a mud ball in that rough and anything can happen. So I did pretty well keeping it in the fairway and gave myself some chances." Germany's Alex Cejka, who won this event in 2021, is alone in sixth after a six-under 66. Tied at five-under 67 are Y.E. Yang of South Korea, Thomas Bjorn of Denmark and Australian Greg Chalmers.
Perth Now
16-05-2025
- Sport
- Perth Now
Green in prime position to break Champions Tour hoodoo
Australian Richard Green made a long eagle putt and finished his round with a birdie to fire a nine-under-par 63 for a two-shot lead after one round at the Regions Tradition. Green, who has yet to win on the PGA Tour Champions, gave himself a nice head start on Thursday toward winning his first senior major championship. He sits two strokes ahead of a quartet tied at seven-under 65 - Jerry Kelly, Stewart Cink, New Zealand's Steven Alker and South Korea's Charlie Wi - at Greystone Golf & Country Club in Birmingham, Alabama. "Everything was going well," Green said. "I started really nicely, hit it really close a lot during the round. Just been a bit of a result of a lot of work." Green had drained six birdies through 11 holes before his eagle at the par-5 13th hole. The lefty reached the green in two and rolled in a fast-moving putt for eagle to jump to eight under and sole possession of the lead. He birdied his very next hole, a par-3, before bogeying No.16 and birdieing No.18. "Look, it's a marathon," Green said. "It's hard to play awesome golf every day, but certainly try. "It's just give yourself a chance, get through every day giving yourself a chance into the next day, giving yourself a chance into Sunday and then hopefully you're there with a chance on Sunday, that's all you can really do." Cink, who won the PGA Tour Champions' Insperity Invitational earlier this month, could be in the running for his first senior major title after a big day. He went six under par in a seven-hole stretch from Nos.7-13, with five birdies, one bogey and an eagle putt at No.13. "It feels great and there's some memories fresh from getting a win there, but it's not like you can go out there and just sleepwalk your way to winning," Cink said. "You've still got to do the right things. There's a reason we got a win (at the Insperity) and the reasons are what we have to keep doing here and forward and we'll hopefully pick up some more wins. But there's no guarantee." Alker has nine wins on the 50-and-older circuit to his name, but just one major, the 2022 Senior PGA Championship. He got off to a smooth start to the week with seven birdies and no bogeys on his card. "Everything's pretty solid," he said. "You've just got to try to get it in the fairway here because you never know, you could get a mud ball in that rough and anything can happen. So I did pretty well keeping it in the fairway and gave myself some chances." Germany's Alex Cejka, who won this event in 2021, is alone in sixth after a six-under 66. Tied at five-under 67 are Y.E. Yang of South Korea, Thomas Bjorn of Denmark and Australian Greg Chalmers.
Mint
15-05-2025
- Sport
- Mint
Richard Green shoots 63 to grab top spot at Regions Tradition
Australian Richard Green made a long eagle putt and finished his round with a birdie to fire a 9-under-par 63 and take a two-shot lead after one round of the Regions Tradition on Thursday in Birmingham, Ala. Green, who has yet to win on the PGA Tour Champions, gave himself a nice head start toward winning his first senior major championship at Greystone Golf & Country Club. He sits two strokes ahead of a quartet tied at 7-under 65: Jerry Kelly, Stewart Cink, New Zealand's Steven Alker and South Korea's Charlie Wi. "Everything was going well," Green said. "I started really nicely, hit it really close a lot during the round. Just been a bit of a result of a lot of work." Green had drained six birdies through 11 holes before his eagle occurred at the par-5 13th hole. The lefty reached the green in two and rolled in a fast-moving putt for eagle to jump to 8 under and sole possession of the lead. He birdied his very next hole, a par-3, before bogeying No. 16 and birdieing No. 18. "Look, it's a marathon," Green said. "It's hard to play awesome golf every day, but certainly try. It's just give yourself a chance, get through every day giving yourself a chance into the next day, giving yourself a chance into Sunday and then hopefully you're there with a chance on Sunday, that's all you can really do." Cink, who won the PGA Tour Champions' Insperity Invitational earlier this month, could be in the running for his first senior major title after a big day. He went 6 under par in a seven-hole stretch from Nos. 7-13, with five birdies, one bogey and an eagle putt at No. 13. "It feels great and there's some memories fresh from getting a win there, but it's not like you can go out there and just sleepwalk your way to winning," Cink said. "You've still got to do the right things. There's a reason we got a win (at the Insperity) and the reasons are what we have to keep doing here and forward and we'll hopefully pick up some more wins. But there's no guarantee." Alker has nine wins on the 50-and-older circuit to his name, but just one major, the 2022 Senior PGA Championship. He got off to a smooth start to the week with seven birdies and no bogeys on his card. "Everything's pretty solid," he said. "You've just got to try to get it in the fairway here because you never know, you could get a mud ball in that rough and anything can happen. So I did pretty well keeping it in the fairway and gave myself some chances." Germany's Alex Cejka, who won this event in 2021, is alone in sixth after a 6-under 66. Tied at 5-under 67 were Y.E. Yang of South Korea, Thomas Bjorn of Denmark and Greg Chalmers of Australia.
Yahoo
13-05-2025
- Business
- Yahoo
NSP Q1 Earnings Call: Higher Benefits Costs, Cautious Outlook, and Strategic Focus on Workday Partnership
HR outsourcing provider Insperity (NYSE:NSP) met Wall Street's revenue expectations in Q1 CY2025, with sales up 3.4% year on year to $1.86 billion. Its non-GAAP profit of $1.56 per share was 23% below analysts' consensus estimates. Is now the time to buy NSP? Find out in our full research report (it's free). Revenue: $1.86 billion vs analyst estimates of $1.87 billion (3.4% year-on-year growth, in line) Adjusted EPS: $1.56 vs analyst expectations of $2.02 (23% miss) Adjusted EBITDA: $102 million vs analyst estimates of $127.8 million (5.5% margin, 20.2% miss) Management lowered its full-year Adjusted EPS guidance to $2.76 at the midpoint, a 21.8% decrease EBITDA guidance for the full year is $217.5 million at the midpoint, below analyst estimates of $259.4 million Operating Margin: 3.7%, down from 6% in the same quarter last year Free Cash Flow was -$449 million, down from $26 million in the same quarter last year Market Capitalization: $2.6 billion Insperity's first quarter results reflected a combination of modest year-over-year revenue growth and a sharp increase in benefits costs, which management attributed to a rise in large medical claims and accelerated payments across both current and prior periods. CEO Paul Sarvadi described a "sudden reversal of optimism" among small and mid-sized business clients, linked to recent government policy initiatives and tariffs, which led to delayed or canceled client onboarding late in the quarter. Looking ahead, management lowered full-year profit guidance and flagged that elevated healthcare claims are likely to persist, though they have begun targeted pricing actions and are evaluating benefit plan design changes for 2026. Insperity also highlighted progress on its Workday strategic partnership, viewing it as a significant long-term growth driver. CFO Jim Allison emphasized that current challenges are being factored into conservative forecasts in order to position the company for improved profitability next year. Insperity's management spent considerable time on the call detailing the operational and market factors that shaped the quarter's underperformance versus expectations, particularly the impact of higher healthcare benefit costs and shifts in client sentiment. Benefits Cost Acceleration: Management reported an 8.4% year-over-year increase in benefits cost per covered employee, driven by a spike in large medical claims and accelerated claim payments. CFO Jim Allison noted this dynamic was "unprecedented" in its breadth across current and prior claim periods. Client Sentiment Shift: CEO Paul Sarvadi cited a 'dramatic change in sentiment' among the company's small and mid-sized business customers, attributed to tariffs and economic policy changes. This shift led to both delayed and canceled client onboarding, impacting worksite employee growth. Retention Remains High: Despite market turbulence, client retention reached 91% for the quarter, which Sarvadi described as at the "high end of our historical range." This was supported by ongoing investments in sales and service realignment. Pricing and Plan Design Adjustments: To address higher benefits costs, Insperity has already begun selective pricing increases for certain accounts and is considering plan design changes for 2026. The company believes these actions will realign pricing with costs by next year. Workday Partnership Progress: The company launched its internal Workday platform in March and finalized a go-to-market plan for a joint client solution with Workday. Management expects this partnership to expand Insperity's reach into the mid-market segment and potentially double its mid-market business over time. Management expects continued headwinds from elevated healthcare costs and uncertain small business sentiment to weigh on profitability through the remainder of the year, while strategic initiatives—including pricing actions and the Workday partnership—are positioned as key levers for future growth and margin improvement. Benefits Cost Management: The company is implementing targeted pricing increases and evaluating benefit plan changes, aiming to mitigate higher healthcare claim trends and restore gross profit margins by 2026. Workday Joint Solution Launch: Insperity believes its joint offering with Workday, expected to be available in 2026, could drive meaningful mid-market client growth and enhance retention, providing a new source of revenue and margin expansion. Economic Policy Uncertainty: Management highlighted ongoing uncertainty in the macroeconomic environment, especially among small and mid-sized businesses, as a risk to client hiring and onboarding momentum for the rest of the year. Andrew Nicholas (William Blair): Asked about the duration and quantification of client onboarding pauses. Management explained the "shock factor" from recent policy changes but observed some moderation as clients resumed decision-making. Andrew Nicholas (William Blair): Inquired about the cadence and future trajectory of Workday partnership costs. CFO Jim Allison said costs will remain steady in 2025 but should decline after product launch, with some expenses capitalizable over time. Tobey Sommer (Truist): Questioned what macro policy changes could restore client confidence. CEO Paul Sarvadi suggested regulatory clarity and stable tax policy could quickly improve small business sentiment. Mark Marcon (Baird): Sought clarity on the timing and client receptivity to pricing adjustments due to higher healthcare costs. Management indicated most pricing changes would be phased in during client renewals throughout the year, with full alignment expected by early 2026. Jeff Martin (ROTH Capital Partners): Probed the profitability potential of the Workday joint solution. Management expects the offering to command higher upfront and ongoing pricing, projecting it as a future margin contributor though specifics are still being assessed. In the coming quarters, the StockStory team will be monitoring (1) whether Insperity's targeted pricing actions and benefit plan adjustments start to moderate healthcare cost pressures, (2) signs of stabilization or renewed growth in worksite employee onboarding as small business sentiment evolves, and (3) measurable progress in the rollout and early adoption of the Workday joint client solution. Execution on these fronts will be central to tracking the company's path toward margin recovery and long-term growth. Insperity currently trades at a forward P/E ratio of 18.7×. In the wake of earnings, is it a buy or sell? Find out in our free research report. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Comfort Systems (+782% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
Yahoo
07-05-2025
- Business
- Yahoo
Here's Why Insperity (NSP) Rose in Q1
Diamond Hill Capital, an investment management company, released its 'Small Cap Fund' first-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q1, markets were uneven due to the new presidential administration's activity, leading to concern about the future. The Russell 3000 Index fell by 4.7% in Q1, the first quarterly loss since Q3 2023. Diamond Hill Small Cap Fund returned -11.56% in Q1, trailing the Russell 2000 Index's -9.48% return. For more information on the fund's top picks in 2025, please check its top five holdings. In its first-quarter 2025 investor letter, Diamond Hill Small Cap Fund highlighted stocks such as Insperity, Inc. (NYSE:NSP). Headquartered in Kingwood, Texas, Insperity, Inc. (NYSE:NSP) is a human resource (HR) and business solutions provider to improve the performance of small and medium-sized businesses. The one-month return of Insperity, Inc. (NYSE:NSP) was -22.21%, and its shares lost 37.26% of their value over the last 52 weeks. On May 6, 2025, Insperity, Inc. (NYSE:NSP) stock closed at $65.34 per share with a market capitalization of $2.46 billion. Diamond Hill Small Cap Fund stated the following regarding Insperity, Inc. (NYSE:NSP) in its Q1 2025 investor letter: "Other top contributors included Taseko Mines, Insperity, Inc. (NYSE:NSP) and International General Insurance Holdings. Shares of human resources and business solutions provider Insperity rose as investors were encouraged by the company's improved 2025 worksite employee numbers. While we believe the company has work to do to prove the value of its partnership with Workday, we are encouraged by its progress thus far." Is Tyler Technologies, Inc. (TYL) the Best Big Data Stock to Buy According to Analysts? A close-up of a businessman in corporate attire discussing financial management solutions with a client. Insperity, Inc. (NYSE:NSP) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held Insperity, Inc. (NYSE:NSP) at the end of the fourth quarter, compared to 17 in the third quarter. While we acknowledge the potential of Insperity, Inc. (NYSE:NSP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. Diamond Hill Small Cap Fund added Insperity, Inc. (NYSE:NSP) in Q3 2024 because of its excellence in outsourced HR and its ability to benefit from ongoing trends. Insperity, Inc. (NYSE:NSP). In addition, please check out our hedge fund investor letters Q1 2025 page for more investor letters from hedge funds and other leading investors.
