Reinhart Partners LLC. Buys 89,809 Shares of Insperity, Inc. (NYSE:NSP)

Reinhart Partners LLC. raised its holdings in Insperity, Inc. (NYSE:NSP - Free Report) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,171,843 shares of the business services provider's stock after buying an additional 89,809 shares during the period. Insperity comprises approximately 3.5% of Reinhart Partners LLC.'s investment portfolio, making the stock its 5th biggest holding. Reinhart Partners LLC. owned approximately 3.13% of Insperity worth $90,830,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Earnest Partners LLC increased its position in Insperity by 2.5% during the 2nd quarter. Earnest Partners LLC now owns 1,323,680 shares of the business services provider's stock worth $120,733,000 after buying an additional 32,542 shares during the period. State Street Corp grew its stake in shares of Insperity by 0.9% in the third quarter. State Street Corp now owns 1,287,058 shares of the business services provider's stock valued at $113,261,000 after acquiring an additional 11,123 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Insperity by 4.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,260,768 shares of the business services provider's stock worth $110,948,000 after acquiring an additional 59,216 shares during the period. Geode Capital Management LLC raised its stake in Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider's stock worth $85,254,000 after purchasing an additional 138,837 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Insperity by 32.3% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 882,324 shares of the business services provider's stock valued at $77,645,000 after purchasing an additional 215,206 shares during the period. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Trading Up 2.5 %

Shares of NSP stock traded up $1.89 on Monday, hitting $77.22. The company had a trading volume of 404,594 shares, compared to its average volume of 346,041. The stock's 50-day moving average is $78.16 and its two-hundred day moving average is $86.21. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market cap of $2.89 billion, a P/E ratio of 24.51 and a beta of 1.14. Insperity, Inc. has a twelve month low of $71.69 and a twelve month high of $117.50.

Insperity Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 24th. Stockholders of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.11%. Insperity's dividend payout ratio (DPR) is currently 76.19%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NSP. Truist Financial cut 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. JPMorgan Chase & Co. began coverage on Insperity in a report on Tuesday, October 22nd. They set an "underweight" rating and a $90.00 price objective on the stock. William Blair cut Insperity from an "outperform" rating to a "market perform" rating in a report on Tuesday, September 24th. Finally, StockNews.com lowered Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, Insperity presently has an average rating of "Hold" and a consensus target price of $95.67.

About Insperity

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.