Charles Schwab Investment Management Inc. Has $125.90 Million Stock Position in Insperity, Inc. (NYSE:NSP)

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Insperity, Inc. by 5.9% in Q1, owning approximately 1.41 million shares valued at $125.90 million.
• Insperity reported $0.26 earnings per share for the last quarter, missing the consensus estimate by $0.15, despite a revenue of $1.66 billion.
• The company recently announced a $0.60 quarterly dividend, representing an annualized yield of 4.8%, with a payout ratio of 226.42%.

Charles Schwab Investment Management Inc. lifted its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,410,944 shares of the business services provider's stock after purchasing an additional 78,888 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.75% of Insperity worth $125,899,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Reinhart Partners LLC. boosted its stake in Insperity by 26.6% during the first quarter. Reinhart Partners LLC. now owns 1,484,060 shares of the business services provider's stock valued at $132,423,000 after buying an additional 312,217 shares in the last quarter. Earnest Partners LLC boosted its stake in Insperity by 3.7% during the fourth quarter. Earnest Partners LLC now owns 1,326,767 shares of the business services provider's stock valued at $102,838,000 after buying an additional 47,730 shares in the last quarter. First Trust Advisors LP boosted its stake in Insperity by 54.2% during the fourth quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock valued at $83,299,000 after buying an additional 377,603 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Insperity by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 691,121 shares of the business services provider's stock valued at $53,569,000 after buying an additional 7,265 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Insperity by 14.2% during the fourth quarter. Northern Trust Corp now owns 519,610 shares of the business services provider's stock valued at $40,275,000 after buying an additional 64,536 shares in the last quarter. Institutional investors own 93.44% of the company's stock.

Insperity Stock Down 2.5%

Shares of NSP traded down $1.30 during midday trading on Friday, reaching $50.98. 231,577 shares of the stock were exchanged, compared to its average volume of 521,662. Insperity, Inc. has a 12-month low of $44.14 and a 12-month high of $95.98. The firm has a 50 day simple moving average of $58.14 and a 200-day simple moving average of $71.76. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.29. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 48.10 and a beta of 0.47.

Insperity (NYSE:NSP - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The business services provider reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.15). The company had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.66 billion. Insperity had a net margin of 0.60% and a return on equity of 35.32%. The business's revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 EPS. Research analysts forecast that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 4.7%. Insperity's dividend payout ratio is currently 226.42%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Insperity from $68.00 to $51.00 and set an "underweight" rating for the company in a research note on Monday, August 4th. Truist Financial decreased 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. Wall Street Zen lowered Insperity from a "hold" rating to a "sell" rating in a research report on Saturday, August 9th. Finally, Roth Capital decreased their price target on Insperity from $85.00 to $74.00 and set a "buy" rating for the company in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $58.33.

Insider Buying and Selling at Insperity

In related news, Director Randall Mehl acquired 2,000 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of $45.05 per share, with a total value of $90,100.00. Following the acquisition, the director owned 22,707 shares in the company, valued at approximately $1,022,950.35. The trade was a 9.66% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Carol R. Kaufman acquired 5,000 shares of the stock in a transaction dated Monday, August 4th. The shares were bought at an average cost of $45.24 per share, for a total transaction of $226,200.00. Following the acquisition, the director owned 47,067 shares in the company, valued at $2,129,311.08. The trade was a 11.89% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,194 shares of company stock worth $925,981 in the last 90 days. Company insiders own 5.29% of the company's stock.

Insperity Company Profile

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.