Oppenheimer & Co. Inc. Sells 542 Shares of Insperity, Inc. (NYSE:NSP)

Oppenheimer & Co. Inc. cut its stake in shares of Insperity, Inc. (NYSE:NSP) by 10.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,502 shares of the business services provider’s stock after selling 542 shares during the period. Oppenheimer & Co. Inc.’s holdings in Insperity were worth $349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NSP. Bank of New York Mellon Corp increased its holdings in Insperity by 27.0% in 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. Handelsbanken Fonder AB increased its holdings in Insperity by 15.1% in the 4th quarter. Handelsbanken Fonder AB now owns 9,144 shares of the business services provider’s stock worth $709,000 after buying an additional 1,200 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in Insperity by 24.0% in the 4th quarter. Sanctuary Advisors LLC now owns 15,356 shares of the business services provider’s stock worth $1,150,000 after buying an additional 2,971 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Insperity by 36.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 28,950 shares of the business services provider’s stock worth $2,244,000 after buying an additional 7,767 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Insperity by 3.0% in the 4th quarter. Rhumbline Advisers now owns 119,690 shares of the business services provider’s stock worth $9,277,000 after buying an additional 3,431 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insperity Stock Performance

NYSE:NSP opened at $90.57 on Friday. The company has a debt-to-equity ratio of 3.80, a current ratio of 1.08 and a quick ratio of 1.08. Insperity, Inc. has a 1 year low of $68.79 and a 1 year high of $110.72. The stock’s 50 day simple moving average is $80.61 and its two-hundred day simple moving average is $82.73. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 37.58 and a beta of 1.13.

Insperity Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Thursday, March 13th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Thursday, March 13th. Insperity’s dividend payout ratio is currently 99.59%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised 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 given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Insperity currently has a consensus rating of “Hold” and a consensus target price of $95.67.

Insider Activity

In other Insperity news, Director Ellen H. Masterson acquired 1,755 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were bought at an average price of $85.75 per share, with a total value of $150,491.25. Following the transaction, the director now directly owns 16,612 shares of the company’s stock, valued at $1,424,479. The trade was a 11.81 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, COO Arthur A. Arizpe sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $84.68, for a total value of $508,080.00. Following the completion of the sale, the chief operating officer now owns 72,551 shares of the company’s stock, valued at $6,143,618.68. This represents a 7.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.