Insperity, Inc. (NYSE:NSP) is Reinhart Partners LLC.’s 5th Largest Position

Reinhart Partners LLC. boosted its holdings in shares of Insperity, Inc. (NYSE:NSP) by 8.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,171,843 shares of the business services provider’s stock after acquiring an additional 89,809 shares during the period. Insperity accounts for approximately 3.5% of Reinhart Partners LLC.’s investment portfolio, making the stock its 5th biggest position. Reinhart Partners LLC. owned about 3.13% of Insperity worth $90,830,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Insperity by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 43,075 shares of the business services provider’s stock worth $3,929,000 after buying an additional 150 shares in the last quarter. Covestor Ltd raised its holdings in shares of Insperity by 21.7% in the 3rd quarter. Covestor Ltd now owns 1,156 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 206 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Insperity by 9.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,525 shares of the business services provider’s stock valued at $222,000 after purchasing an additional 213 shares in the last quarter. KBC Group NV raised its holdings in shares of Insperity by 26.4% in the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 216 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Insperity by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 4,108 shares of the business services provider’s stock valued at $361,000 after buying an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Price Performance

NSP traded up $1.69 during midday trading on Monday, reaching $77.02. 165,250 shares of the company’s stock were exchanged, compared to its average volume of 311,096. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market capitalization of $2.88 billion, a PE ratio of 24.45 and a beta of 1.14. The business’s 50-day moving average price is $78.16 and its 200 day moving average price is $86.21. Insperity, Inc. has a 1-year low of $71.69 and a 1-year high of $117.50.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 24th. Shareholders of record on Tuesday, December 10th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend was Tuesday, December 10th. Insperity’s payout ratio is currently 76.19%.

Analyst Ratings Changes

NSP has been the topic of a number of recent analyst reports. William Blair downgraded shares of Insperity from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. Truist Financial dropped their target price on shares of Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com downgraded shares of Insperity from a “buy” rating to a “hold” rating in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Insperity in a research report on Tuesday, October 22nd. They set an “underweight” rating and a $90.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $95.67.

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.