Insperity, Inc. (NYSE:NSP) Stock Position Trimmed by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its holdings in shares of Insperity, Inc. (NYSE:NSP - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,448 shares of the business services provider's stock after selling 3,730 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.05% of Insperity worth $1,507,000 as of its most recent SEC filing.

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

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Insperity Stock Up 4.6 %

Shares of NYSE:NSP traded up $4.02 during trading hours on Friday, hitting $90.57. The company's stock had a trading volume of 586,179 shares, compared to its average volume of 428,443. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 37.58 and a beta of 1.13. 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 52 week low of $68.79 and a 52 week high of $110.72. The firm's fifty day moving average price is $80.33 and its 200 day moving average price is $82.74.

Insperity Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Insperity from a "hold" rating to a "buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $95.67.

Insider Transactions at Insperity

In other news, CEO Paul J. Sarvadi sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 436,584 shares in the company, valued at $36,812,762.88. The trade was a 5.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Arthur A. Arizpe sold 6,000 shares of the business'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 transaction, the chief operating officer now directly owns 72,551 shares in the company, valued at $6,143,618.68. This trade represents a 7.64 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.50% of the company's stock.

Insperity Company 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.