Healthcare of Ontario Pension Plan Trust Fund Sells 14,100 Shares of Insperity, Inc. (NYSE:NSP)

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of Insperity, Inc. (NYSE:NSP) by 71.6% during the first quarter, Holdings Channel.com reports. The firm 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co boosted its stake in shares of Insperity by 0.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 31,168 shares of the business services provider’s stock valued at $3,418,000 after purchasing an additional 215 shares in the last quarter. Seven Eight Capital LP boosted its stake in shares of Insperity by 244.6% during the first quarter. Seven Eight Capital LP now owns 14,178 shares of the business services provider’s stock valued at $1,554,000 after purchasing an additional 10,064 shares in the last quarter. Covestor Ltd boosted its stake in shares of Insperity by 264.7% during the first quarter. Covestor Ltd now owns 1,043 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 757 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Insperity by 4.9% during the first quarter. Vanguard Group Inc. now owns 3,911,104 shares of the business services provider’s stock valued at $428,696,000 after purchasing an additional 182,773 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Insperity by 10.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 11,445 shares of the business services provider’s stock valued at $1,391,000 after purchasing an additional 1,040 shares in the last quarter. 93.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Insperity news, CEO Paul J. Sarvadi sold 12,183 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $95.41, for a total value of $1,162,380.03. Following the completion of the transaction, the chief executive officer now owns 525,252 shares of the company’s stock, valued at $50,114,293.32. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director John M. Morphy sold 3,300 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $102.42, for a total transaction of $337,986.00. Following the completion of the transaction, the director now owns 7,633 shares of the company’s stock, valued at $781,771.86. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Paul J. Sarvadi sold 12,183 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 525,252 shares of the company’s stock, valued at approximately $50,114,293.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,695 shares of company stock valued at $2,044,864. Insiders own 5.50% of the company’s stock.

Insperity Price Performance

Shares of NSP opened at $100.53 on Friday. The company has a 50 day moving average of $95.44 and a two-hundred day moving average of $102.14. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.72 and a beta of 1.13. Insperity, Inc. has a twelve month low of $85.04 and a twelve month high of $123.21. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.64.

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

Insperity Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a $0.60 dividend. The ex-dividend date was Friday, June 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.39%. This is a boost from Insperity’s previous quarterly dividend of $0.57. Insperity’s dividend payout ratio (DPR) is currently 58.68%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NSP shares. StockNews.com upgraded shares of Insperity from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Robert W. Baird raised their target price on shares of Insperity from $105.00 to $109.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, William Blair restated an “outperform” rating on shares of Insperity in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.50.

About Insperity

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.