Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Holdings in Insperity, Inc. (NYSE:NSP)

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Insperity, Inc. (NYSE:NSP) by 71.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,600 shares of the business services provider’s stock after selling 14,100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Insperity were worth $614,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NSP. CANADA LIFE ASSURANCE Co increased its holdings in shares of Insperity by 0.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 31,168 shares of the business services provider’s stock worth $3,418,000 after buying an additional 215 shares during the period. Seven Eight Capital LP increased its holdings in shares of Insperity by 244.6% in the first quarter. Seven Eight Capital LP now owns 14,178 shares of the business services provider’s stock worth $1,554,000 after buying an additional 10,064 shares during the period. Covestor Ltd increased its holdings in shares of Insperity by 264.7% in the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock worth $114,000 after buying an additional 757 shares during the period. Vanguard Group Inc. increased its holdings in shares of Insperity by 4.9% in the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock worth $428,696,000 after buying an additional 182,773 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of Insperity by 10.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,445 shares of the business services provider’s stock worth $1,391,000 after buying an additional 1,040 shares during the period. Hedge funds and other institutional investors own 93.44% of the company’s stock.

Insider Buying and Selling at Insperity

In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of Insperity stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the sale, the chief executive officer now directly owns 525,252 shares of the company’s stock, valued at approximately $50,114,293.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of Insperity stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $95.41, for a total transaction of $1,162,380.03. Following the sale, the chief executive officer now directly owns 525,252 shares of the company’s stock, valued at approximately $50,114,293.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas S. Sharp sold 5,212 shares of Insperity stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $104.47, for a total value of $544,497.64. Following the sale, the chief financial officer now directly owns 28,516 shares in the company, valued at $2,979,066.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,695 shares of company stock valued at $2,044,864. 5.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on NSP shares. William Blair reiterated an “outperform” rating on shares of Insperity in a report on Friday, May 17th. StockNews.com raised Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, Robert W. Baird raised their target price on Insperity from $105.00 to $109.00 and gave the stock a “neutral” rating in a research note on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Insperity presently has an average rating of “Moderate Buy” and an average price target of $109.50.

Insperity Stock Up 1.4 %

NYSE NSP opened at $100.53 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $3.78 billion, a PE ratio of 24.58, a PEG ratio of 2.72 and a beta of 1.13. Insperity, Inc. has a 1 year low of $85.04 and a 1 year high of $123.21. The business’s 50-day moving average is $95.44 and its 200 day moving average is $102.14.

Insperity (NYSE:NSP) last posted its earnings results on Wednesday, May 1st. The business services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.24. The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Insperity had a return on equity of 137.14% and a net margin of 2.39%. Sell-side analysts forecast that Insperity, Inc. will post 2.43 earnings per share for the current year.

Insperity Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 2.39%. This is a boost from Insperity’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, June 7th. Insperity’s payout ratio is presently 58.68%.

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.