Oppenheimer Asset Management Inc. Boosts Holdings in Insperity, Inc. (NYSE:NSP)

Oppenheimer Asset Management Inc. raised its holdings in shares of Insperity, Inc. (NYSE:NSP) by 23.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,178 shares of the business services provider’s stock after buying an additional 4,417 shares during the period. Oppenheimer Asset Management Inc. owned about 0.06% of Insperity worth $2,040,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Mawer Investment Management Ltd. increased its stake in shares of Insperity by 4.0% in the 2nd quarter. Mawer Investment Management Ltd. now owns 5,188,547 shares of the business services provider’s stock worth $473,247,000 after purchasing an additional 197,309 shares in the last quarter. Vanguard Group Inc. raised its stake 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. Reinhart Partners LLC. lifted its position in shares of Insperity by 13.3% during the 2nd quarter. Reinhart Partners LLC. now owns 1,013,874 shares of the business services provider’s stock valued at $92,475,000 after buying an additional 118,902 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Insperity by 4.9% during the 1st quarter. Earnest Partners LLC now owns 1,291,138 shares of the business services provider’s stock valued at $141,522,000 after acquiring an additional 60,852 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in Insperity in the 2nd quarter worth approximately $5,536,000. 93.44% of the stock is currently owned by institutional investors.

Insperity Trading Down 3.1 %

Shares of Insperity stock opened at $73.14 on Friday. Insperity, Inc. has a twelve month low of $72.74 and a twelve month high of $119.40. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The business has a 50-day moving average price of $84.61 and a 200-day moving average price of $92.10. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 23.22, a PEG ratio of 2.18 and a beta of 1.12.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Thursday, September 5th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend was Thursday, September 5th. Insperity’s payout ratio is 76.19%.

Analysts Set New Price Targets

NSP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. started coverage on shares of Insperity in a research report on Tuesday, October 22nd. They issued an “underweight” rating and a $90.00 price target for the company. StockNews.com lowered Insperity from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. William Blair lowered Insperity from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. Finally, Truist Financial decreased their target price on Insperity from $95.00 to $88.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, Insperity currently has a consensus rating of “Hold” and an average target price of $95.67.

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.