Reinhart Partners LLC. lifted its position in shares of Insperity, Inc. (NYSE:NSP – Free Report) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,304,074 shares of the business services provider’s stock after purchasing an additional 356,365 shares during the period. Insperity comprises about 3.1% of Reinhart Partners LLC.’s holdings, making the stock its 9th largest position. Reinhart Partners LLC. owned 0.09% of Insperity worth $136,492,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its position in shares of Insperity by 48.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,299 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 422 shares during the period. Signaturefd LLC increased its position in Insperity by 363.3% during the fourth quarter. Signaturefd LLC now owns 959 shares of the business services provider’s stock worth $37,000 after buying an additional 752 shares during the period. Farther Finance Advisors LLC increased its position in Insperity by 871.6% during the fourth quarter. Farther Finance Advisors LLC now owns 991 shares of the business services provider’s stock worth $38,000 after buying an additional 889 shares during the period. Allworth Financial LP lifted its stake in Insperity by 845.3% in the fourth quarter. Allworth Financial LP now owns 1,106 shares of the business services provider’s stock valued at $43,000 after buying an additional 989 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Insperity by 75.9% in the third quarter. Caitong International Asset Management Co. Ltd now owns 964 shares of the business services provider’s stock valued at $47,000 after buying an additional 416 shares during the last quarter. 93.44% of the stock is owned by hedge funds and other institutional investors.
Insperity Price Performance
Shares of NYSE NSP opened at $52.45 on Friday. The stock has a fifty day moving average price of $43.64 and a 200 day moving average price of $34.91. Insperity, Inc. has a 1-year low of $18.57 and a 1-year high of $57.22. The company has a debt-to-equity ratio of 6.87, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $2.00 billion, a PE ratio of -121.97 and a beta of 0.52.
Insperity Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Thursday, June 4th were given a $0.60 dividend. The ex-dividend date was Thursday, June 4th. This represents a $2.40 dividend on an annualized basis and a yield of 4.6%. Insperity’s dividend payout ratio (DPR) is presently -558.14%.
Insiders Place Their Bets
In other Insperity news, CEO Paul J. Sarvadi acquired 233,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were bought at an average price of $34.05 per share, with a total value of $7,933,650.00. Following the acquisition, the chief executive officer owned 1,105,912 shares of the company’s stock, valued at $37,656,303.60. This trade represents a 26.69% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.77% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on NSP shares. JPMorgan Chase & Co. cut their target price on shares of Insperity from $35.00 to $33.00 and set an “underweight” rating on the stock in a report on Friday, May 1st. Weiss Ratings raised shares of Insperity from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 15th. Zacks Research upgraded shares of Insperity from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Insperity from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Robert W. Baird set a $56.00 target price on shares of Insperity in a research note on Friday, July 31st. 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, Insperity currently has a consensus rating of “Reduce” and an average price target of $53.33.
View Our Latest Stock Analysis on NSP
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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