# Insperity, Inc. (NSP)

> Source: Nexqual · https://nexqual.com/NSP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Insperity, Inc. (NSP), nexqual.com/NSP" · informational, not investment advice.

**Price:** USD 53.48 (+6.58% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 50.18 · day 50.3–53.87 · 52w 18.57–55.9 · market cap $2.04B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.87B, net income -$16.0M (-0.2% margin), free cash flow $194M (SEC filings).
- 1 of 80 tracked superinvestors hold NSP (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $10.8M; 0 by opportunistic insiders, 2 by routine insiders.
- Total return with dividends: 1Y +24.3% vs S&P 500 +14.9%; 5Y -47.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-29, EPS estimate USD 0.21, revenue estimate $1.64B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $4.97B | $5.94B | $6.49B | $6.58B | $6.81B | $6.87B |
| Gross profit | $820M | $1.01B | $1.04B | $1.05B | $900M | — |
| Operating income | $173M | $250M | $219M | $117M | -$10.0M | -$3.0M |
| Net income | $124M | $179M | $171M | $91.0M | -$7.0M | -$16.0M |
| EPS (diluted) | $3.18 | $4.64 | $4.47 | $2.42 | -$0.19 | — |
| Free cash flow | $227M | $317M | $158M | $482M | -$309M | $194M |
| Gross margin | 16.5% | 17.0% | 16.0% | 16.0% | 13.2% | — |
| Operating margin | 3.5% | 4.2% | 3.4% | 1.8% | -0.1% | -0.0% |
| Net margin | 2.5% | 3.0% | 2.6% | 1.4% | -0.1% | -0.2% |
| Revenue growth | +16.0% | +19.4% | +9.2% | +1.5% | +3.5% | — |
| Cash + short-term investments | $608M | $766M | $709M | $1.05B | $660M | — |
| Total debt | $369M | $369M | $369M | $369M | $369M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 0.3x · EV/EBITDA 44.9x · EV/Sales 0.3x · P/FCF 10.5x · P/B 33.5x · FCF yield 9.50% · Earnings yield -0.78% · Dividend yield (paid, TTM) 4.45% · Buyback yield (TTM) 0.20% · Net cash $200M · EV $1.84B
P/E at fiscal year-ends: Dec 2024 32.4x, Dec 2023 26.0x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold NSP. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Thomas Gayner | Markel Group | 0.06% | $7.5M | Unchanged |

## Insider purchases (SEC Form 4, open-market, last ~7 months)
2 purchases, $10.8M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-03 | Sarvadi Paul J | Chairman of the Board & CEO | 233,000 | $7.9M | 34.05 | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-05-05 | Sarvadi Paul J | Chairman of the Board & CEO | 100,000 | $2.9M | 28.73 | Routine (sold in May each year 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-22 | Truist Securities | Target raised | Hold | $35 → $52 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +24.3% | -47.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +24.4% | -12.1% |
| Volatility (annualized) | 67.4% | 48.2% |
| Max drawdown | -56.7% (Jan 2026→Mar 2026) | -82.6% (Apr 2023→Mar 2026) |

## Peers (Staffing & Employment Services)
MAN (ManpowerGroup) USD 46.6 +4.39% · TNET (TriNet Group, Inc.) USD 74.62 +5.05% · RHI (Robert Half Inc.) USD 37.68 +8.78% · KFY (Korn Ferry) USD 76.35 +4.49% · KFRC (Kforce, Inc.) USD 53.66 +4.40% · KELYB (Kelly Services, Inc.) USD 26 +0.00%

## More
Full page: https://nexqual.com/NSP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Northeast | $446.0M | 26.5% | -1.3% |
| West | $353.0M | 20.9% | +4.1% |
| Southwest | $314.0M | 18.6% | +1.0% |
| Central | $308.0M | 18.3% | +2.3% |
| Southeast | $250.0M | 14.8% | +5.0% |
| Other Revenues | $15.0M | 0.9% | -11.8% |
| Total revenue | $1.69B | 100% | — |

## Company outlook (8-K filed 2026-07-29)

- "The company also announced its updated guidance for 2026, including the third quarter of 2026."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.21 | $0.23 | -6.6% | $1.64B | 5 |
| Next quarter (ends 2026-12-31) | $0.25 | $0.12 | +114.0% | $1.69B | 5 |
| Current fiscal year (ends 2026-12-31) | $2.11 | $2.08 | +1.6% | $6.91B | 5 |
| Next fiscal year (ends 2027-12-31) | $2.70 | $2.89 | -6.7% | $7.20B | 5 |