Reinhart Partners LLC. Grows Stake in Insperity, Inc. (NYSE:NSP)

Reinhart Partners LLC. grew its position in Insperity, Inc. (NYSE:NSP - Free Report) by 26.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,484,060 shares of the business services provider's stock after buying an additional 312,217 shares during the period. Insperity accounts for approximately 4.8% of Reinhart Partners LLC.'s investment portfolio, making the stock its largest holding. Reinhart Partners LLC. owned approximately 3.99% of Insperity worth $132,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. River Road Asset Management LLC bought a new position in shares of Insperity in the 4th quarter worth $47,513,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Insperity in the 4th quarter worth $39,231,000. Norges Bank bought a new position in shares of Insperity in the 4th quarter worth $31,587,000. First Trust Advisors LP boosted its position in shares of Insperity by 54.2% in the 4th quarter. First Trust Advisors LP now owns 1,074,691 shares of the business services provider's stock worth $83,299,000 after purchasing an additional 377,603 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Insperity in the 4th quarter worth $17,521,000. 93.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NSP shares. Truist Financial reduced their price target on 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 lowered Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

Insider Activity

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

Insperity Trading Down 0.4%

NSP stock traded down $0.26 during midday trading on Tuesday, hitting $62.55. 318,612 shares of the company's stock were exchanged, compared to its average volume of 379,289. The stock's fifty day moving average price is $71.81 and its 200-day moving average price is $78.51. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $2.35 billion, a PE ratio of 25.95 and a beta of 0.51. Insperity, Inc. has a one year low of $61.54 and a one year high of $104.90.

Insperity (NYSE:NSP - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $1.87 billion. Insperity had a return on equity of 72.22% and a net margin of 1.38%. The business's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Research analysts predict that Insperity, Inc. will post 2.33 earnings per share for the current fiscal 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 $0.60 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.84%. Insperity's dividend payout ratio (DPR) is 142.86%.

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.