Mawer Investment Management Ltd. Reduces Stock Holdings in Insperity, Inc. (NYSE:NSP)

Key Points

• Mawer Investment Management Ltd. has reduced its holdings in Insperity, Inc. by 2.2%, selling 115,073 shares in the first quarter, leaving them with approximately 5.1 million shares which account for 2.2% of their total assets.
• Insperity's CEO, Paul J. Sarvadi, sold 14,203 shares at about $65.26 each, representing a 3% decrease in his ownership, while corporate insiders collectively own 5.5% of the company.
• After recent research updates, analysts have downgraded Insperity from a "buy" to a "hold" rating, with Truist Financial setting a new price target of $70.00.

Mawer Investment Management Ltd. lessened its stake in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 2.2% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 5,102,562 shares of the business services provider's stock after selling 115,073 shares during the period. Insperity accounts for about 2.2% of Mawer Investment Management Ltd.'s investment portfolio, making the stock its 13th biggest holding. Mawer Investment Management Ltd. owned approximately 13.56% of Insperity worth $455,302,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Insperity by 4.4% during the 4th quarter. Vanguard Group Inc. now owns 4,008,334 shares of the business services provider's stock valued at $310,686,000 after purchasing an additional 167,560 shares during the period. Reinhart Partners LLC. lifted its position in shares of Insperity by 26.6% in 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 acquiring an additional 312,217 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Insperity by 3.7% in 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 acquiring an additional 47,730 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Insperity by 54.2% in 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 acquiring an additional 377,603 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Insperity by 1.1% during the 4th 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. Institutional investors own 93.44% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial lowered their target price on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Wall Street Zen downgraded shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insperity Price Performance

Shares of NYSE NSP traded down $13.70 during midday trading on Friday, reaching $45.88. 1,605,241 shares of the stock traded hands, compared to its average volume of 489,185. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $1.73 billion, a PE ratio of 27.56 and a beta of 0.48. Insperity, Inc. has a one year low of $45.08 and a one year high of $96.45. The company's 50 day moving average is $60.93 and its 200 day moving average is $73.68.

Insperity (NYSE:NSP - Get Free Report) last posted its earnings results 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 firm had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.66 billion. Insperity had a net margin of 0.95% and a return on equity of 52.17%. The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.86 earnings per share. On average, equities research analysts anticipate that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were issued a $0.60 dividend. The ex-dividend date was Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 5.2%. Insperity's payout ratio is 142.86%.

Insider Activity at Insperity

In other news, CEO Paul J. Sarvadi sold 14,203 shares of Insperity stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $65.26, for a total value of $926,887.78. Following the completion of the transaction, the chief executive officer owned 458,589 shares in the company, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.29% of the company's stock.

About Insperity

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.