Mawer Investment Management Updates Insperity Stake to 4.1M Shares

TL;DR

**Mawer Investment Management just updated its Insperity stake, now holding over 4.1 million shares with sole voting power.**

AI Summary

Mawer Investment Management Ltd., a Canadian investment firm, filed an amendment to its Schedule 13G, indicating a change in its beneficial ownership of Insperity, Inc. common stock as of December 31, 2023. The firm now holds sole voting power over 4,147,221 shares and sole dispositive power over 4,450,000 shares. This filing is important for investors as it shows a significant institutional holder's updated position, which can influence market perception and potentially the stock's stability.

Why It Matters

This filing reveals a major institutional investor's updated stake in Insperity, Inc., providing transparency into significant ownership changes that can impact investor confidence and stock valuation.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate high-risk events for the company.

Analyst Insight

Investors should note Mawer Investment Management Ltd.'s continued significant, albeit updated, stake in Insperity, Inc. This indicates ongoing institutional confidence, but further analysis of Insperity's fundamentals and Mawer's investment strategy would be prudent before making investment decisions.

Key Numbers

• 4,147,221 — Shares with Sole Voting Power (Mawer Investment Management Ltd.'s control over voting rights for Insperity, Inc. shares)
• 4,450,000 — Shares with Sole Dispositive Power (Mawer Investment Management Ltd.'s ability to sell or dispose of Insperity, Inc. shares)
• 0 — Shares with Shared Voting Power (Mawer Investment Management Ltd. has no shared voting power over Insperity, Inc. shares)

Key Players & Entities

• Mawer Investment Management Ltd. (company) — the reporting person and institutional investor
• INSPERITY, INC. (company) — the subject company whose securities are being reported
• Canada (company) — place of organization for Mawer Investment Management Ltd.
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Mawer Investment Management Ltd. will maintain a significant stake in Insperity, Inc. for the foreseeable future. (Mawer Investment Management Ltd.) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• nsp13ga4q2022.htm (SC 13G/A) — 108KB
• 0000945621-24-000163.txt ( ) — 110KB

From the Filing

SC 13G/A 1 nsp13ga4q2022.htm AMENDMENT NO. 4 TO SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 4) INSPERITY, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 45778Q107 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) CUSIP No. Page 2 of 5 Pages 45778Q107 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Mawer Investment Management Ltd. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) (b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 4,147,221 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 4,451,904 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,451,904 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 11.94% (1) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) Investment Advisor (1) Based upon 37,280,637 shares of Common Stock of Insperity, Inc. (the "Issuer") outstanding as of October 24, 2023 as reported in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on October 31, 2023. CUSIP No. Page 3 of 5 Pages 45778Q107 Item 1. (a) Name of Issuer: Insperity, Inc. (b) Address of Issuer's Principal Executive Offices: 19001 Crescent Springs Drive Kingwood, Texas 77339 Item 2. (a) Name of Persons Filing: Mawer Investment Management Ltd. (b) Address of Principal Business Office or, if none, Residence : 600, 517 – 10th Avenue SW Calgary, Alberta, Canada T2R 0A8 (c) Citizenship: Canada (d) Title of Class of Securities: Common Stock (e) CUSIP Number: 45778Q107 Item 3. If this statement is filed pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Act. (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940. (e) [X] An investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E). (f) [ ] An employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F). (g) [ ] A parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G). (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940. CUSIP No. Page 4 of 5 Pages 45778Q107 (j) [ ] A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J). (k) [ ] Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: _____________________________________________ Item 4. (a) Amount Beneficially Owned: 4,451,904 (b) Percent of Class: 11.94% (c) Number of Shares as to which the person has: (i) sole power to vote or to direct the vote: 4,147,221 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or direct the disposition of: 4,451,904 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: Item 6. Not Applicable CUSIP No. Page 5 of 5 Pages 45778Q107 Item 7. Identification and Classification of Subsidiaries Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not Applicable Item 8. Identification and Classification of Members of the Group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certification: By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 30, 2024

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