Mawer Investment Management Ltd. Acquires 197,309 Shares of Insperity, Inc. (NYSE:NSP)

Mawer Investment Management Ltd. boosted its holdings in Insperity, Inc. (NYSE:NSP) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,188,547 shares of the business services provider’s stock after acquiring an additional 197,309 shares during the quarter. Insperity accounts for about 2.2% of Mawer Investment Management Ltd.’s investment portfolio, making the stock its 14th biggest position. Mawer Investment Management Ltd. owned about 0.14% of Insperity worth $473,247,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in Insperity during the fourth quarter valued at approximately $42,085,000. Sei Investments Co. boosted its holdings in Insperity by 40.5% during the fourth quarter. Sei Investments Co. now owns 655,579 shares of the business services provider’s stock valued at $76,846,000 after purchasing an additional 188,894 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Insperity by 4.9% during the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after purchasing an additional 182,773 shares in the last quarter. Reinhart Partners LLC. boosted its holdings in Insperity by 13.3% during the second quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock valued at $92,475,000 after purchasing an additional 118,902 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Insperity by 41.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 398,284 shares of the business services provider’s stock valued at $46,687,000 after purchasing an additional 116,226 shares in the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Insperity Stock Performance

NYSE:NSP opened at $86.70 on Tuesday. Insperity, Inc. has a 1 year low of $85.04 and a 1 year high of $119.40. The firm has a 50 day moving average of $93.93 and a 200-day moving average of $98.59. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.60. The stock has a market capitalization of $3.25 billion, a P/E ratio of 21.20, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

Insperity (NYSE:NSP) last posted its earnings results on Thursday, August 1st. The business services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. Insperity had a net margin of 2.46% and a return on equity of 138.16%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. Insperity’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Insperity, Inc. will post 2.39 EPS for the current fiscal year.

Insperity Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Thursday, September 5th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.77%. The ex-dividend date is Thursday, September 5th. Insperity’s dividend payout ratio (DPR) is presently 58.68%.

Insider Buying and Selling

In related news, CEO Paul J. Sarvadi sold 16,123 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total value of $1,487,024.29. Following the completion of the transaction, the chief executive officer now owns 509,129 shares in the company, valued at approximately $46,956,967.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NSP shares. William Blair reaffirmed an “outperform” rating on shares of Insperity in a report on Friday, May 17th. Robert W. Baird lifted their price objective on Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a report on Friday, May 17th.

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.