Insperity, Inc. (NYSE:NSP) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its stake in shares of Insperity, Inc. (NYSE:NSP) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,761 shares of the business services provider’s stock after purchasing an additional 1,442 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Insperity were worth $1,711,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Securities Inc. acquired a new position in Insperity during the 4th quarter worth approximately $32,000. Dimensional Fund Advisors LP boosted its stake in shares of Insperity by 2.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 702,844 shares of the business services provider’s stock valued at $82,386,000 after purchasing an additional 19,096 shares during the period. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Insperity in the fourth quarter valued at $359,000. Janney Montgomery Scott LLC boosted its stake in shares of Insperity by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 4,052 shares of the business services provider’s stock valued at $475,000 after purchasing an additional 227 shares during the period. Finally, Norges Bank acquired a new stake in Insperity during the 4th quarter valued at $42,085,000. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insperity Stock Performance

NYSE:NSP opened at $89.61 on Thursday. The company has a debt-to-equity ratio of 2.60, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50-day moving average of $93.80 and a two-hundred day moving average of $98.02. The stock has a market cap of $3.37 billion, a P/E ratio of 21.91, a PEG ratio of 2.37 and a beta of 1.12. Insperity, Inc. has a 1-year low of $84.78 and a 1-year high of $119.40.

Insperity (NYSE:NSP) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.14. Insperity had a return on equity of 138.16% and a net margin of 2.46%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the business posted $0.33 earnings per share. Insperity’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, research analysts expect that Insperity, Inc. will post 2.43 earnings per share for the current fiscal year.

Insperity Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Thursday, September 5th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Thursday, September 5th. Insperity’s payout ratio is currently 58.68%.

Insider Buying and Selling

In other Insperity news, CEO Paul J. Sarvadi sold 16,123 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $92.23, for a total transaction of $1,487,024.29. Following the completion of the transaction, the chief executive officer now directly owns 509,129 shares of the company’s stock, valued at approximately $46,956,967.67. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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.