Reinhart Partners LLC. Raises Position in Insperity, Inc. (NYSE:NSP)

Reinhart Partners LLC. grew its position in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,484,060 shares of the business services provider's stock after acquiring an additional 312,217 shares during the period. Insperity comprises 4.8% of Reinhart Partners LLC.'s portfolio, making the stock its largest position. Reinhart Partners LLC. owned 3.99% of Insperity worth $132,423,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock valued at $27,000 after buying an additional 291 shares during the period. Millennium Management LLC increased its position in shares of Insperity by 28.4% during the fourth quarter. Millennium Management LLC now owns 51,097 shares of the business services provider's stock valued at $3,961,000 after buying an additional 11,289 shares during the period. Bank of New York Mellon Corp increased its position in shares of Insperity by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock valued at $34,771,000 after buying an additional 95,495 shares during the period. Empowered Funds LLC purchased a new position in shares of Insperity during the fourth quarter valued at about $1,373,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Insperity during the fourth quarter valued at about $10,390,000. 93.44% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Paul J. Sarvadi sold 14,203 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $65.26, for a total transaction of $926,887.78. Following the sale, the chief executive officer now owns 458,589 shares in the company, valued at $29,927,518.14. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.29% of the company's stock.

Insperity Stock Up 0.1%

NSP traded up $0.07 during midday trading on Monday, reaching $62.85. The company's stock had a trading volume of 447,168 shares, compared to its average volume of 378,973. The firm has a market capitalization of $2.36 billion, a price-to-earnings ratio of 26.08 and a beta of 0.51. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.80. Insperity, Inc. has a 1 year low of $61.54 and a 1 year high of $104.90. The stock's 50-day moving average is $72.32 and its 200-day moving average is $78.62.

Insperity (NYSE:NSP - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.01 by ($0.44). The business had revenue of $310.00 million during the quarter, compared to analysts' expectations of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. Insperity's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.27 EPS. As a group, research analysts expect that Insperity, Inc. will post 2.33 EPS for the current year.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend is Friday, June 6th. Insperity's payout ratio is 142.86%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NSP. Truist Financial reduced their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen cut shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

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.