Reinhart Partners LLC. increased its holdings in shares of Insperity, Inc. (NYSE:NSP – Free Report) by 24.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,745,035 shares of the business services provider’s stock after purchasing an additional 542,709 shares during the quarter. Insperity accounts for approximately 3.2% of Reinhart Partners LLC.’s portfolio, making the stock its 9th biggest position. Reinhart Partners LLC. owned about 0.07% of Insperity worth $106,288,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in shares of Insperity by 140.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,471,160 shares of the business services provider’s stock worth $56,963,000 after purchasing an additional 859,326 shares during the last quarter. Natixis Advisors LLC increased its position in shares of Insperity by 31.1% during the 4th quarter. Natixis Advisors LLC now owns 184,001 shares of the business services provider’s stock worth $7,125,000 after purchasing an additional 43,628 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Insperity by 8.7% during the 4th quarter. Intech Investment Management LLC now owns 16,278 shares of the business services provider’s stock worth $630,000 after purchasing an additional 1,309 shares during the last quarter. Royce & Associates LP increased its position in shares of Insperity by 50.2% during the 4th quarter. Royce & Associates LP now owns 792,834 shares of the business services provider’s stock worth $30,699,000 after purchasing an additional 265,041 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Insperity by 1,055.2% during the 4th quarter. Hantz Financial Services Inc. now owns 3,015 shares of the business services provider’s stock worth $117,000 after purchasing an additional 2,754 shares during the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.
Insperity Stock Performance
NYSE NSP opened at $35.84 on Wednesday. The company has a market cap of $1.37 billion, a P/E ratio of -53.49 and a beta of 0.59. The company has a debt-to-equity ratio of 5.51, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a 50-day moving average of $30.15 and a two-hundred day moving average of $32.89. Insperity, Inc. has a 1-year low of $18.57 and a 1-year high of $64.49.
Insperity Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Thursday, June 4th. Insperity’s payout ratio is currently -358.21%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on NSP. Wall Street Zen raised Insperity from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. cut their price objective on Insperity from $35.00 to $33.00 and set an “underweight” rating for the company in a research report on Friday, May 1st. Roth Mkm set a $54.00 price objective on Insperity in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Insperity in a research report on Friday, March 27th. Finally, Robert W. Baird set a $36.00 price objective on Insperity in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $46.00.
Check Out Our Latest Stock Report on Insperity
Insider Activity
In other news, CEO Paul J. Sarvadi bought 160,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The stock was bought at an average cost of $23.22 per share, with a total value of $3,715,200.00. Following the transaction, the chief executive officer directly owned 972,912 shares in the company, valued at $22,591,016.64. The trade was a 19.68% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James D. Allison bought 10,000 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was purchased at an average cost of $20.45 per share, with a total value of $204,500.00. Following the completion of the transaction, the executive vice president owned 94,272 shares in the company, valued at $1,927,862.40. This represents a 11.87% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 314,437 shares of company stock valued at $7,814,246. 5.77% of the stock is currently owned by corporate insiders.
About Insperity
Insperity, Inc is a leading provider of human resources and business performance solutions designed to help small and midsize businesses operate more efficiently. Headquartered in Kingwood, Texas, the company offers a comprehensive suite of products and services that span workforce management, payroll administration, employee benefits, risk management, and talent development. By leveraging its proprietary technology platform and team of HR experts, Insperity enables clients to focus on core business objectives while outsourcing complex administrative functions.
The company’s flagship offering is its Professional Employer Organization (PEO) service, which allows clients to outsource critical HR tasks such as payroll processing, workers’ compensation administration, and compliance with employment regulations.
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