Reinhart Partners Inc. Lowers Stock Holdings in Insperity Inc (NYSE:NSP)

Reinhart Partners Inc. reduced its position in Insperity Inc (NYSE:NSP) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 436,597 shares of the business services provider’s stock after selling 6,788 shares during the period. Insperity accounts for approximately 2.1% of Reinhart Partners Inc.’s portfolio, making the stock its 5th largest holding. Reinhart Partners Inc. owned approximately 1.13% of Insperity worth $28,260,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its position in shares of Insperity by 1.0% during the first quarter. State Street Corp now owns 1,171,999 shares of the business services provider’s stock valued at $43,716,000 after buying an additional 11,740 shares during the period. Mawer Investment Management Ltd. boosted its stake in Insperity by 242.9% in the first quarter. Mawer Investment Management Ltd. now owns 978,340 shares of the business services provider’s stock worth $36,492,000 after buying an additional 693,040 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Insperity by 144.4% in the fourth quarter. Janus Henderson Group PLC now owns 926,701 shares of the business services provider’s stock worth $79,733,000 after buying an additional 547,463 shares in the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Insperity by 80.3% during the first quarter. Anchor Capital Advisors LLC now owns 878,395 shares of the business services provider’s stock valued at $32,764,000 after purchasing an additional 391,162 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Insperity by 3.6% during the first quarter. Geode Capital Management LLC now owns 526,970 shares of the business services provider’s stock valued at $19,655,000 after purchasing an additional 18,253 shares during the period. Institutional investors and hedge funds own 86.87% of the company’s stock.

NYSE:NSP traded up $0.27 on Thursday, hitting $64.30. The stock had a trading volume of 394,855 shares, compared to its average volume of 619,689. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.58 and a beta of 1.72. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 66.05. The business’s 50-day simple moving average is $55.59 and its two-hundred day simple moving average is $63.37. Insperity Inc has a 52-week low of $22.59 and a 52-week high of $144.92.

Insperity (NYSE:NSP) last announced its earnings results on Monday, May 4th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.09. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Insperity had a return on equity of 310.00% and a net margin of 3.12%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.98 earnings per share. As a group, equities research analysts anticipate that Insperity Inc will post 2.73 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Monday, June 8th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Friday, June 5th. Insperity’s dividend payout ratio (DPR) is currently 43.24%.

In other Insperity news, Director John M. Morphy sold 1,300 shares of Insperity stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $53.06, for a total value of $68,978.00. Following the sale, the director now owns 6,940 shares of the company’s stock, valued at approximately $368,236.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jay E. Mincks sold 2,500 shares of Insperity stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $52.70, for a total value of $131,750.00. The disclosure for this sale can be found here. 6.86% of the stock is owned by company insiders.

NSP has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Insperity from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a report on Friday, May 22nd. Roth Capital cut their target price on Insperity from $97.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. ValuEngine raised Insperity from a “sell” rating to a “hold” rating in a research note on Friday, May 1st. Piper Sandler began coverage on Insperity in a research note on Thursday, April 9th. They issued an “overweight” rating and a $74.00 target price on the stock. Finally, SunTrust Banks increased their price objective on Insperity from $56.00 to $64.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.20.

Insperity Profile

Insperity, Inc provides human resources (HR) and business solutions to enhance business performance for small and medium-sized businesses in the United States. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions, which 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.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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