Oppenheimer Asset Management Inc. Sells 3,730 Shares of Insperity, Inc. (NYSE:NSP)

Oppenheimer Asset Management Inc. lessened its position in shares of Insperity, Inc. (NYSE:NSP) by 16.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 19,448 shares of the business services provider’s stock after selling 3,730 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Insperity were worth $1,507,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in Insperity by 32.3% during the third 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 in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Insperity by 16.7% in the 3rd quarter. Geode Capital Management LLC now owns 968,634 shares of the business services provider’s stock valued at $85,254,000 after purchasing an additional 138,837 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Insperity in the 3rd quarter valued at $8,690,000. Bank of New York Mellon Corp raised its holdings in shares of Insperity by 27.0% during the 4th quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider’s stock worth $34,771,000 after buying an additional 95,495 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of Insperity by 8.3% during the 4th quarter. Reinhart Partners LLC. now owns 1,171,843 shares of the business services provider’s stock worth $90,830,000 after buying an additional 89,809 shares during the last quarter. Institutional investors and hedge funds own 93.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Insperity from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Insperity currently has a consensus rating of “Hold” and a consensus target price of $95.67.

Insperity Stock Down 2.3 %

Shares of NSP opened at $85.93 on Tuesday. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.08 and a current ratio of 1.08. Insperity, Inc. has a 52 week low of $68.79 and a 52 week high of $110.72. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 35.66 and a beta of 1.13. The stock has a fifty day moving average of $79.78 and a 200-day moving average of $82.75.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date is Thursday, March 13th. Insperity’s payout ratio is 99.59%.

Insider Transactions at Insperity

In other Insperity news, Director Ellen H. Masterson purchased 1,755 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was purchased at an average price of $85.75 per share, with a total value of $150,491.25. Following the completion of the purchase, the director now owns 16,612 shares of the company’s stock, valued at approximately $1,424,479. The trade was a 11.81 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul J. Sarvadi sold 25,000 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.32, for a total transaction of $2,108,000.00. Following the completion of the sale, the chief executive officer now directly owns 436,584 shares in the company, valued at approximately $36,812,762.88. This represents a 5.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.50% of the company’s stock.

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.