Oppenheimer & Co. Inc. Cuts Stake in Insperity, Inc. (NYSE:NSP)

Oppenheimer & Co. Inc. lowered its stake in Insperity, Inc. (NYSE:NSPFree Report) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,000 shares of the business services provider’s stock after selling 115 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Insperity were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Park Place Capital Corp raised its stake in shares of Insperity by 2,100.0% in the second quarter. Park Place Capital Corp now owns 374 shares of the business services provider’s stock worth $44,000 after buying an additional 357 shares during the period. Trivant Custom Portfolio Group LLC bought a new position in shares of Insperity in the third quarter worth about $44,000. Covestor Ltd raised its stake in shares of Insperity by 105.2% in the second quarter. Covestor Ltd now owns 392 shares of the business services provider’s stock worth $47,000 after buying an additional 201 shares during the period. CWM LLC raised its stake in shares of Insperity by 573.3% in the second quarter. CWM LLC now owns 404 shares of the business services provider’s stock worth $48,000 after buying an additional 344 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in shares of Insperity in the second quarter worth about $54,000. Institutional investors own 91.05% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Insperity from a “strong-buy” rating to a “buy” rating in a research note on Friday.

Read Our Latest Report on Insperity

Insperity Stock Up 0.0 %

Shares of NSP opened at $96.37 on Friday. The business’s 50 day moving average is $115.22 and its 200 day moving average is $106.96. The company has a market capitalization of $3.59 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. Insperity, Inc. has a 12-month low of $90.80 and a 12-month high of $131.09. The company has a current ratio of 1.11, a quick ratio of 1.12 and a debt-to-equity ratio of 3.95.

Insperity Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 18th. Shareholders of record on Monday, December 4th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Friday, December 1st. Insperity’s dividend payout ratio is presently 51.12%.

Insider Buying and Selling at Insperity

In other Insperity news, Director Richard G. Rawson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $117.50, for a total transaction of $587,500.00. Following the completion of the transaction, the director now owns 84,643 shares in the company, valued at approximately $9,945,552.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Richard G. Rawson sold 5,000 shares of Insperity stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $117.50, for a total value of $587,500.00. Following the completion of the transaction, the director now owns 84,643 shares in the company, valued at approximately $9,945,552.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Paul J. Sarvadi sold 12,000 shares of Insperity stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $113.64, for a total value of $1,363,680.00. Following the completion of the transaction, the chief executive officer now owns 489,650 shares of the company’s stock, valued at approximately $55,643,826. The disclosure for this sale can be found here. Insiders sold 20,500 shares of company stock worth $2,351,440 in the last quarter. 5.61% of the stock is owned by corporate insiders.

Insperity Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Insperity (NYSE:NSP)

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