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Insperity NYSE:NSP Stock Report

Last Price


Market Cap







27 Sep, 2022


Company Financials +
NSP fundamental analysis
Snowflake Score
Future Growth2/6
Past Performance5/6
Financial Health5/6

NSP Stock Overview

Insperity, Inc. provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses.

Insperity Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Insperity
Historical stock prices
Current Share PriceUS$103.55
52 Week HighUS$129.32
52 Week LowUS$83.94
1 Month Change-7.55%
3 Month Change6.48%
1 Year Change-5.65%
3 Year Change7.40%
5 Year Change125.85%
Change since IPO1,782.73%

Recent News & Updates

Sep 23
Is It Too Late To Consider Buying Insperity, Inc. (NYSE:NSP)?

Is It Too Late To Consider Buying Insperity, Inc. (NYSE:NSP)?

Insperity, Inc. ( NYSE:NSP ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...

Sep 20

Insperity: Best Pro Services Near-Term Capital-Gain Buy Prospect

Summary Insperity, Inc. has provided professional services, including staffing over 35 demanding years of striking technological change. 92% of its stock is held by 417 institutions. What may they know that you may not? They know that owning the stock previously when its Reward/Risk ratio was like today’s in the last 5 years, it gained capital at a 75% annual rate. And they know where and when to move on to better investing prospects. But you should learn about this one first. Investment Thesis Knowing when and which stocks to own, actively and selectively, provides a continuing series of net capital gain opportunities delivering wealth accumulation or spendable income at rates which are multiples of what market-index ETFs offer. You can know what winning institutions know about capital-building stock situations by listening to what the markets tell as capital is being invested. Because today’s markets pay active investors for being in the right places at the right times. They feed off the indolence of passive-strategy investing buy&holders who frequently pass-up timely points of profitable position liquidation. Increased information technology, communication capabilities, and rapidly evolving competitive practices make this century’s investing markets far more opportune with pricing activity than the 20th century offered. But an active investment strategy requires reasonably-accurate forecasts of what to expect. Fortunately the conditions creating the “hazards” feared by the buy&holders are what provide the needed forecasts. The markets themselves, in their interactions, define what the best-informed professional practitioners see as coming-price limits. In both directions. Instead of forecasts by analysts of what may be hoped for as price/earnings targets to be sought, the markets define ranges within which prices are reasonably being expected. Ranges warning of currently unmaintainable excesses, and of price depressions unlikely to present buying bargains for long. This article is not about fundamentals and long-term prospects of related companies. It is about the near-term (3-5 months, rather than 3-5 years) and the price-range expectations built by institutional investors, the now acute and best-informed portfolio managers. Risk and Reward Balances Among Business Support Pros Let’s look at an “Opportunity Set” of comparable companies ranging from most to least attractive to consider in several areas of work today – Business Support activities. Our best-buy bet is Insperity, Inc.’s (NSP). Here in Figure 1 is how the markets currently appraise their Reward ~ Risk trade-offs in terms of likely coming near-term stock price ranges. Figure 1 (used with permission) Upside price rewards are from the behavioral analysis (of what systems require to be done, not of emotional investor errors) by Market-Makers [MMs] as they protect their at-risk capital from possible damaging future price moves. Their potential reward forecasts are measured by the green horizontal scale. The risk dimension is of actual price drawdowns at their most extreme point while being held in previous pursuit of upside rewards similar to the ones currently being seen. They are measured on the red vertical scale. Both scales are of percent change from zero to 25%. Any stock or ETF whose present risk exposure exceeds its reward prospect will be above the dotted diagonal line. Capital-gain attractive to-buy issues are in the directions down and to the right. Our principal interest is in NSP at location [2]. A "market index" norm of reward~risk tradeoffs is offered by SPY at [11] immediately below NSP. Most appealing by this Figure 1 view is KBR, but considerations of Figure 2 may instead suggest NSP. Description of Subject Company “Insperity, Inc. provides human resources and business solutions to improve business performance for small and medium-sized businesses. The company offers its HR services through its Workforce Optimization and Workforce Synchronization solutions that include a range of human resources functions.. It also provides Insperity Premier, a cloud-based human capital management platform that offers professional employer organization HR outsourcing solutions to its clients; personnel record management services and payroll services solution; time and attendance; performance management; organizational planning; recruiting; employment screening; retirement; and insurance services. As of December 31, 2021, it operated through 85 sales offices in the United States. The company was formerly known as Administaff, Inc. and changed its name to Insperity, Inc. in March 2011. The company was founded in 1986 and is headquartered in Kingwood, Texas...” Source: Yahoo Finance Yahoo Finance These growth estimates have been made by and are collected from Wall Street analysts to suggest what conventional methodology currently produces. The typical variations across forecast horizons of different time periods illustrate the difficulty of making value comparisons when the forecast horizon is not clearly defined. The Figure 1 map provides a good visual comparison of the two most important aspects of every equity investment in the short term. There are other aspects of comparison which this map sometimes does not communicate well, particularly when general market perspectives like those of SPY are involved. Where questions of “how likely’ are present other comparative tables, like Figure 2, may be useful. Figure 2 (used with permission) Why do all this math? Figure 2’s purpose is to attempt universally comparable answers, stock by stock, of a) How BIG the prospective price gain payoff may be, b) how LIKELY the payoff will be a profitable experience, c) how SOON it may happen, and d) what price drawdown RISK may be encountered during its holding period. Readers familiar with our analysis methods after quick examination of Figure 2 may wish to skip to the next section viewing price range forecast trends for NSP. Column headers for Figure 2 define investment-choice preference elements for each row stock whose symbol appears at the left in column [A]. The elements are derived or calculated separately for each stock, based on the specifics of its situation and current-day MM price-range forecasts. Data in red numerals are negative, usually undesirable to “long” holding positions. Table cells with yellow fills are of data for the stocks of principal interest and of all issues at the ranking column, [R]. Cells with pink highlights contain values inadequate or undesirable for capital gain prospects. The price-range forecast limits of columns [B] and [C] get defined by MM hedging actions to protect firm capital required to be put at risk of price changes from volume trade orders placed by big-$ "institutional" clients. [E] measures potential upside risks for MM short positions created to fill such orders, and reward potentials for the buy-side positions so created. Prior forecasts like the present provide a history of relevant price draw-down risks for buyers. The most severe ones actually encountered are in [F], during holding periods in effort to reach [E] gains. Those are where buyers are emotionally most likely to accept losses. The Range Index [G] tells where today’s price lies relative to the MM community’s forecast of upper and lower limits of coming prices. Its numeric is the percentage proportion of the full low to high forecast seen below the current market price. [H] tells what proportion of the [L] sample of prior like-balance forecasts have earned gains by either having price reach its [B] target or be above its [D] entry cost at the end of a 3-month max-patience holding period limit. [ I ] gives the net gains-losses of those [L] experiences. What makes NSP most attractive in the group at this point in time is its ability to produce earnings most consistently at its present operating balance between share price risk and reward, the Range Index [G]. Credibility of the [E] upside prospect as evidenced in the [I] payoff is shown in [N]. Further Reward~Risk tradeoffs involve using the [H] odds for gains with the 100 - H loss odds as weights for N-conditioned [E] and for [F], for a combined-return score [Q]. The typical position holding period [J] on [Q] provides a figure of merit [fom] ranking measure [R] useful in portfolio position preferencing. Figure 2 is row-ranked on [R] among alternative candidate securities, in top rank. Along with the candidate-specific stocks these selection considerations are provided for the averages of some 3300 stocks for which MM price-range forecasts are available today, and 20 of the best-ranked (by fom) of those forecasts, as well as the forecast for S&P 500 Index ETF (SPY) as an equity-market proxy. The current market overall still remains unattractive, and the ETF market-index SPY invokes an inadequate reward for its presumed diversification, when compared with the best-past-performer candidates.

Sep 06
Insperity (NYSE:NSP) Knows How To Allocate Capital

Insperity (NYSE:NSP) Knows How To Allocate Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...

Shareholder Returns

NSPUS Professional ServicesUS Market

Return vs Industry: NSP exceeded the US Professional Services industry which returned -24.4% over the past year.

Return vs Market: NSP exceeded the US Market which returned -23.7% over the past year.

Price Volatility

Is NSP's price volatile compared to industry and market?
NSP volatility
NSP Average Weekly Movement3.5%
Professional Services Industry Average Movement6.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: NSP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: NSP's weekly volatility (4%) has been stable over the past year.

About the Company

19863,600Paul Sarvadi

Insperity, Inc. provides human resources (HR) and business solutions to improve business performance for small and medium-sized businesses. The company 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. It also provides Insperity Premier, a cloud-based human capital management platform that offers professional employer organization HR outsourcing solutions to its clients; personnel record management services; and employer liability management services, as well as solutions for middle market.

Insperity Fundamentals Summary

How do Insperity's earnings and revenue compare to its market cap?
NSP fundamental statistics
Market CapUS$3.94b
Earnings (TTM)US$140.44m
Revenue (TTM)US$5.51b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NSP income statement (TTM)
Cost of RevenueUS$4.62b
Gross ProfitUS$894.75m
Other ExpensesUS$754.31m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)3.69
Gross Margin16.24%
Net Profit Margin2.55%
Debt/Equity Ratio1,051.5%

How did NSP perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is NSP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NSP?

Other financial metrics that can be useful for relative valuation.

NSP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.7x
Enterprise Value/EBITDA16.5x
PEG Ratio4.5x

Price to Earnings Ratio vs Peers

How does NSP's PE Ratio compare to its peers?

NSP PE Ratio vs Peers
The above table shows the PE ratio for NSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average19x
TNET TriNet Group
ALIT Alight
MAN ManpowerGroup
NSP Insperity

Price-To-Earnings vs Peers: NSP is expensive based on its Price-To-Earnings Ratio (28x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does NSP's PE Ratio compare vs other companies in the US Professional Services Industry?

Price-To-Earnings vs Industry: NSP is expensive based on its Price-To-Earnings Ratio (28x) compared to the US Professional Services industry average (16.6x)

Price to Earnings Ratio vs Fair Ratio

What is NSP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NSP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28x
Fair PE Ratio20.2x

Price-To-Earnings vs Fair Ratio: NSP is expensive based on its Price-To-Earnings Ratio (28x) compared to the estimated Fair Price-To-Earnings Ratio (20.2x).

Share Price vs Fair Value

What is the Fair Price of NSP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NSP ($103.55) is trading below our estimate of fair value ($157.27)

Significantly Below Fair Value: NSP is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Future Growth

How is Insperity forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score


Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: NSP's forecast earnings growth (6.3% per year) is above the savings rate (1.9%).

Earnings vs Market: NSP's earnings (6.3% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: NSP's earnings are forecast to grow, but not significantly.

Revenue vs Market: NSP's revenue (10.1% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: NSP's revenue (10.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if NSP's Return on Equity is forecast to be high in 3 years time

Discover growth companies

Past Performance

How has Insperity performed over the past 5 years?

Past Performance Score


Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: NSP has high quality earnings.

Growing Profit Margin: NSP's current net profit margins (2.5%) are higher than last year (2.4%).

Past Earnings Growth Analysis

Earnings Trend: NSP's earnings have grown by 7% per year over the past 5 years.

Accelerating Growth: NSP's earnings growth over the past year (26.4%) exceeds its 5-year average (7% per year).

Earnings vs Industry: NSP earnings growth over the past year (26.4%) exceeded the Professional Services industry 23.3%.

Return on Equity

High ROE: Whilst NSP's Return on Equity (399.88%) is outstanding, this metric is skewed due to their high level of debt.

Discover strong past performing companies

Financial Health

How is Insperity's financial position?

Financial Health Score


Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: NSP's short term assets ($1.4B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: NSP's short term assets ($1.4B) exceed its long term liabilities ($611.2M).

Debt to Equity History and Analysis

Debt Level: NSP has more cash than its total debt.

Reducing Debt: NSP's debt to equity ratio has increased from 124.4% to 1051.5% over the past 5 years.

Debt Coverage: NSP's debt is well covered by operating cash flow (74.7%).

Interest Coverage: NSP's interest payments on its debt are well covered by EBIT (29x coverage).

Balance Sheet

Discover healthy companies


What is Insperity current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


Current Dividend Yield

Dividend Yield vs Market

Insperity Dividend Yield vs Market
How does Insperity dividend yield compare to the market?
SegmentDividend Yield
Company (Insperity)2.0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Professional Services)1.3%
Analyst forecast in 3 Years (Insperity)n/a

Notable Dividend: NSP's dividend (2.01%) is higher than the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: NSP's dividend (2.01%) is low compared to the top 25% of dividend payers in the US market (4.68%).

Stability and Growth of Payments

Stable Dividend: NSP's dividends per share have been stable in the past 10 years.

Growing Dividend: NSP's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (51.1%), NSP's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31.1%), NSP's dividend payments are well covered by cash flows.

Discover strong dividend paying companies


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Paul Sarvadi (65 yo)





Mr. Paul J. Sarvadi has been Chairman and Chief Executive Officer at Insperity Inc since 1989. Mr. Sarvadi, Co-Founded Insperity Inc. (formerly known as Administaff Inc.) in 1986. He served as the Presiden...

CEO Compensation Analysis

Paul Sarvadi's Compensation vs Insperity Earnings
How has Paul Sarvadi's remuneration changed compared to Insperity's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a


Mar 31 2022n/an/a


Dec 31 2021US$10mUS$1m


Sep 30 2021n/an/a


Jun 30 2021n/an/a


Mar 31 2021n/an/a


Dec 31 2020US$10mUS$1m


Sep 30 2020n/an/a


Jun 30 2020n/an/a


Mar 31 2020n/an/a


Dec 31 2019US$7mUS$1m


Sep 30 2019n/an/a


Jun 30 2019n/an/a


Mar 31 2019n/an/a


Dec 31 2018US$7mUS$1m


Sep 30 2018n/an/a


Jun 30 2018n/an/a


Mar 31 2018n/an/a


Dec 31 2017US$5mUS$920k


Sep 30 2017n/an/a


Jun 30 2017n/an/a


Mar 31 2017n/an/a


Dec 31 2016US$5mUS$884k


Sep 30 2016n/an/a


Jun 30 2016n/an/a


Mar 31 2016n/an/a


Dec 31 2015US$5mUS$850k


Compensation vs Market: Paul's total compensation ($USD9.62M) is above average for companies of similar size in the US market ($USD6.90M).

Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: NSP's management team is seasoned and experienced (7.5 years average tenure).

Board Members

Experienced Board: NSP's board of directors are considered experienced (5.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: NSP insiders have only sold shares in the past 3 months.

Recent Insider Transactions

NYSE:NSP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
19 Aug 22SellUS$282,503James AllisonIndividual2,500US$113.68
15 Aug 22SellUS$575,500Daniel HerinkIndividual5,000US$115.10
12 Aug 22SellUS$285,000Arthur A. ArizpeIndividual2,500US$114.00
11 Aug 22SellUS$201,301Douglas SharpIndividual1,802US$111.71
10 Aug 22SellUS$550,000Arthur A. ArizpeIndividual5,000US$110.00
10 Aug 22SellUS$2,001,117Paul SarvadiIndividual18,106US$111.08
04 Aug 22SellUS$191,083John MorphyIndividual1,750US$109.19
04 Aug 22SellUS$2,656,512Paul SarvadiIndividual24,058US$111.09
02 Jun 22SellUS$500,000Daniel HerinkIndividual5,000US$100.00
13 May 22SellUS$492,732James AllisonIndividual5,000US$98.82
04 May 22SellUS$3,504,900Paul SarvadiIndividual32,609US$108.46
02 May 22SellUS$526,711Douglas SharpIndividual5,002US$105.30
29 Apr 22SellUS$813,150Paul SarvadiIndividual7,391US$110.02
15 Nov 21SellUS$476,080James AllisonIndividual4,000US$119.02
12 Nov 21SellUS$435,169Daniel HerinkIndividual3,597US$121.01
11 Nov 21SellUS$3,554,849Paul SarvadiIndividual29,574US$121.17
05 Nov 21SellUS$673,568Douglas SharpIndividual5,473US$123.18

Ownership Breakdown

What is the ownership structure of NSP?
Owner TypeNumber of SharesOwnership Percentage
General Public1,130,2403.0%
Individual Insiders2,102,3865.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 72.82% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
BlackRock, Inc.
Mawer Investment Management Ltd.
The Vanguard Group, Inc.
Fidelity International Ltd
Paul Sarvadi
1,500,207$155.3m-6.25%no data
AllianceBernstein L.P.
State Street Global Advisors, Inc.
Charles Schwab Investment Management, Inc.
Geode Capital Management, LLC
Anchor Capital Advisors LLC
Dimensional Fund Advisors LP
Reinhart Partners, Inc.
T. Rowe Price Group, Inc.
Wellington Management Group LLP
Copeland Capital Management, LLC
Northern Trust Global Investments
Ensign Peak Advisors Inc.
Lakewood Capital Management, LP
Fiera Capital Corporation
BNY Mellon Asset Management
Norges Bank Investment Management
344,235$35.6m0%no data
Millennium Management LLC
Trinity Legacy Partners, Llc
Richard Rawson
272,939$28.3m-0.57%no data

Company Information

Insperity, Inc.'s employee growth, exchange listings and data sources

Key Information

  • Name: Insperity, Inc.
  • Ticker: NSP
  • Exchange: NYSE
  • Founded: 1986
  • Industry: Human Resource and Employment Services
  • Sector: Commercial Services
  • Implied Market Cap: US$3.938b
  • Shares outstanding: 38.03m
  • Website:

Number of Employees


  • Insperity, Inc.
  • 19001 Crescent Springs Drive
  • Kingwood
  • Texas
  • 77339
  • United States


TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NSPNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1997
ASFDB (Deutsche Boerse AG)YesCommon StockDEEURJan 1997

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.