Insperity, Inc. $NSP Shares Acquired by Reinhart Partners LLC.

Key Points

• Reinhart Partners LLC increased its stake in Insperity, Inc. by 20.4% during Q2, owning approximately $107.43 million in the company, which makes up 3.7% of its total holdings.
• Insperity's stock recently reported a quarterly EPS of $0.26, missing forecasts by $0.15, and its revenue of $1.66 billion matched analyst estimates.
• The company announced a quarterly dividend of $0.60, with a yield of 4.6%, slated for distribution on September 18th, 2023.

Reinhart Partners LLC. lifted its stake in Insperity, Inc. (NYSE:NSP - Free Report) by 20.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,786,953 shares of the business services provider's stock after buying an additional 302,893 shares during the quarter. Insperity makes up about 3.7% of Reinhart Partners LLC.'s investment portfolio, making the stock its 6th largest position. Reinhart Partners LLC. owned about 4.75% of Insperity worth $107,432,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Insperity by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,410,944 shares of the business services provider's stock worth $125,899,000 after purchasing an additional 78,888 shares during the last quarter. Earnest Partners LLC increased its holdings in Insperity by 3.3% in the 1st quarter. Earnest Partners LLC now owns 1,370,771 shares of the business services provider's stock worth $122,314,000 after acquiring an additional 44,004 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Insperity by 0.3% during the first quarter. Sei Investments Co. now owns 787,553 shares of the business services provider's stock worth $70,273,000 after buying an additional 2,419 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Insperity by 40.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 703,011 shares of the business services provider's stock valued at $62,730,000 after acquiring an additional 200,685 shares during the last quarter. Finally, Northern Trust Corp boosted its position in shares of Insperity by 0.4% during the 1st quarter. Northern Trust Corp now owns 521,655 shares of the business services provider's stock valued at $46,547,000 after acquiring an additional 2,045 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company's stock.

Insider Activity

In other Insperity news, Director Latha Ramchand bought 1,000 shares of Insperity stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $50.64 per share, with a total value of $50,640.00. Following the completion of the acquisition, the director owned 15,120 shares in the company, valued at $765,676.80. The trade was a 7.08% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Eli Jones bought 2,204 shares of Insperity stock in a transaction on Monday, August 4th. The stock was acquired at an average cost of $45.41 per share, with a total value of $100,083.64. Following the acquisition, the director owned 12,847 shares of the company's stock, valued at $583,382.27. This trade represents a 20.71% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 20,194 shares of company stock valued at $925,981. 5.29% of the stock is currently owned by company insiders.

Insperity Stock Performance

Shares of NSP traded down $1.16 during mid-day trading on Friday, reaching $50.33. 1,440,417 shares of the company's stock were exchanged, compared to its average volume of 494,163. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $1.90 billion, a PE ratio of 47.48 and a beta of 0.48. The business's fifty day simple moving average is $54.46 and its 200-day simple moving average is $66.46. Insperity, Inc. has a 52-week low of $44.14 and a 52-week high of $95.98.

Insperity (NYSE:NSP - Get Free Report) last announced its earnings results on Friday, August 1st. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.41 by ($0.15). The business had revenue of $1.66 billion for the quarter, compared to analysts' expectations of $1.66 billion. Insperity had a return on equity of 35.32% and a net margin of 0.60%.The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.86 earnings per share. Insperity has set its FY 2025 guidance at 1.810-2.51 EPS. Q3 2025 guidance at 0.060-0.49 EPS. On average, equities research analysts expect that Insperity, Inc. will post 2.33 earnings per share for the current year.

Insperity Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 18th. Investors of record on Thursday, September 4th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, September 4th. This represents a $2.40 annualized dividend and a dividend yield of 4.8%. Insperity's dividend payout ratio (DPR) is currently 226.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NSP. Truist Financial decreased their target price on shares of Insperity from $70.00 to $50.00 and set a "hold" rating on the stock in a research report on Monday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of Insperity from $68.00 to $51.00 and set an "underweight" rating on the stock in a research report on Monday, August 4th. Roth Capital decreased their target price on shares of Insperity from $85.00 to $74.00 and set a "buy" rating on the stock in a research report on Monday, August 4th. Finally, Wall Street Zen raised shares of Insperity from a "sell" rating to a "hold" rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $58.33.

Insperity 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.