Oppenheimer Asset Management Inc. Has $2.74 Million Stock Holdings in Insperity, Inc. (NYSE:NSP)

Oppenheimer Asset Management Inc. boosted its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 57.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,712 shares of the business services provider's stock after purchasing an additional 11,264 shares during the period. Oppenheimer Asset Management Inc. owned about 0.08% of Insperity worth $2,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSP. Sanctuary Advisors LLC lifted its stake in Insperity by 24.0% during the fourth quarter. Sanctuary Advisors LLC now owns 15,356 shares of the business services provider's stock worth $1,150,000 after purchasing an additional 2,971 shares during the period. Handelsbanken Fonder AB lifted its stake in Insperity by 15.1% during the fourth quarter. Handelsbanken Fonder AB now owns 9,144 shares of the business services provider's stock worth $709,000 after purchasing an additional 1,200 shares during the period. Bank of New York Mellon Corp lifted its stake in Insperity by 27.0% during the fourth quarter. Bank of New York Mellon Corp now owns 448,602 shares of the business services provider's stock worth $34,771,000 after purchasing an additional 95,495 shares during the period. US Bancorp DE lifted its stake in Insperity by 36.7% during the fourth quarter. US Bancorp DE now owns 2,150 shares of the business services provider's stock worth $167,000 after purchasing an additional 577 shares during the period. Finally, Jones Financial Companies Lllp lifted its stake in Insperity by 493.2% during the fourth quarter. Jones Financial Companies Lllp now owns 350 shares of the business services provider's stock worth $27,000 after purchasing an additional 291 shares during the period. Institutional investors own 93.44% of the company's stock.

Insperity Price Performance

Shares of NYSE NSP traded up $0.57 during mid-day trading on Friday, hitting $59.38. 633,822 shares of the stock were exchanged, compared to its average volume of 393,313. The company has a market cap of $2.23 billion, a P/E ratio of 35.34 and a beta of 0.51. The stock's fifty day simple moving average is $66.46 and its two-hundred day simple moving average is $76.82. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.13 and a current ratio of 1.13. Insperity, Inc. has a twelve month low of $57.87 and a twelve month high of $104.90.

Insperity (NYSE:NSP - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.01 by ($0.44). The firm had revenue of $310.00 million for the quarter, compared to analyst estimates of $1.87 billion. Insperity had a return on equity of 52.17% and a net margin of 0.95%. The business's quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.27 EPS. As a group, analysts forecast that Insperity, Inc. will post 2.33 EPS for the current fiscal year.

Insperity Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Friday, June 6th. Insperity's dividend payout ratio is presently 142.86%.

Insider Transactions at Insperity

In related news, CEO Paul J. Sarvadi sold 14,203 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $65.26, for a total value of $926,887.78. Following the sale, the chief executive officer now directly owns 458,589 shares of the company's stock, valued at approximately $29,927,518.14. The trade was a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Truist Financial cut their price target on shares of Insperity from $82.00 to $70.00 and set a "hold" rating for the company in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of Insperity from a "buy" rating to a "hold" rating in a report on Wednesday, April 30th.

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.