Oppenheimer & Co. Inc. decreased its position in Insperity, Inc. (NYSE:NSP) by 24.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the business services provider’s stock after selling 1,299 shares during the period. Oppenheimer & Co. Inc.’s holdings in Insperity were worth $284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently modified their holdings of NSP. Bank of Montreal Can raised its stake in Insperity by 1.1% in the 1st quarter. Bank of Montreal Can now owns 1,761 shares of the business services provider’s stock worth $156,000 after acquiring an additional 19 shares during the last quarter. Wells Fargo & Company MN raised its stake in Insperity by 0.8% in the 1st quarter. Wells Fargo & Company MN now owns 91,151 shares of the business services provider’s stock worth $8,080,000 after acquiring an additional 752 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in Insperity by 5.2% in the 1st quarter. Great West Life Assurance Co. Can now owns 25,409 shares of the business services provider’s stock worth $2,251,000 after acquiring an additional 1,251 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Insperity in the 1st quarter worth $507,000. Finally, Comerica Bank raised its stake in Insperity by 2.8% in the 1st quarter. Comerica Bank now owns 20,732 shares of the business services provider’s stock worth $1,924,000 after acquiring an additional 558 shares during the last quarter. Institutional investors own 79.71% of the company’s stock.
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NSP has been the subject of a number of research analyst reports. BidaskClub upgraded Insperity from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered Insperity from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Finally, Roth Capital upgraded Insperity from a “neutral” rating to a “buy” rating and raised their target price for the stock from $84.00 to $92.00 in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $94.00.
Insperity, Inc. (NYSE:NSP) opened at 82.60 on Tuesday. Insperity, Inc. has a 52 week low of $64.55 and a 52 week high of $93.65. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 23.92 and a beta of 0.77. The company has a 50-day moving average price of $81.53 and a 200-day moving average price of $80.89.
Insperity (NYSE:NSP) last announced its earnings results on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.14. Insperity had a net margin of 2.34% and a return on equity of 96.85%. The business had revenue of $795.50 million during the quarter, compared to analysts’ expectations of $778.88 million. During the same period in the prior year, the company earned $0.60 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that Insperity, Inc. will post $4.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Insperity’s payout ratio is 34.68%.
In related news, President Richard G. Rawson sold 51,000 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $84.94, for a total transaction of $4,331,940.00. Following the completion of the transaction, the president now directly owns 128,868 shares of the company’s stock, valued at $10,946,047.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mckenna Michelle sold 600 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $79.69, for a total transaction of $47,814.00. Following the transaction, the director now directly owns 1,145 shares of the company’s stock, valued at $91,245.05. The disclosure for this sale can be found here. Insiders sold 106,310 shares of company stock valued at $8,928,263 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.
Insperity, Inc provides a range of human resources (HR) and business solutions. The Company’s HR services offerings are provided through its Workforce Optimization and Workforce Synchronization solutions (together, its professional employer organization (PEO) HR Outsourcing solutions), which encompass a range of human resources functions, including payroll and employment administration, employee benefits, workers’ compensation, performance management and training and development services, along with its cloud-based human capital management platform, the Employee Service Center (ESC).
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