Insperity (NSP)
NYSEIndustrialsStaffing & Employment ServicesSnapshot 2026-09-09
$50.27+1.29%
Close 2026-09-09 · 1-day change
NYSEIndustrialsStaffing & Employment ServicesSnapshot 2026-09-09
Warn: Management is running behind on a stated commitment.
Insperity is improving its profits, with net income rising from -$33M to $33M. The company maintains a stable dividend of $0.6 per share. Earnings per share are expected to grow to about $2.1 in 2026. Insider buying shows confidence in the company's future.
Cash flow from operations is unstable, swinging from -$79M to $255M and back to negative. Earnings guidance is soft and analysts have cut estimates recently. The stock trades at a high price-to-earnings ratio of 59, well above peers at 27.
The price is about 23% above our fair value near $37. Analysts expect roughly 4% revenue growth, which is moderate. Our view sees some recovery but risks remain in cash flow and earnings consistency.
Breaks if: cash flow from operations remains negative or volatile
Focus on improving cash flow from operating activities to strengthen financial position.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable management setup with a focus on margin recovery and growth initiatives. The current thesis state is cautious, as recent performance has been neutral and the sector faces headwinds.
The market appears to price in an expensive valuation compared to peers, with a slight expectations gap indicating that some fragility is acknowledged. The current premium suggests that investors expect NSP to perform better than its immediate competitors.
Management has shown progress in improving margins and profitability, with operating income and net income both recovering. However, revenue growth remains modest, indicating that while there is stability, the company still faces challenges in regaining strong growth momentum.
The long-term thesis hinges on the performance of sector bellwethers and whether they continue to beat earnings and guide higher. Additionally, any changes in guidance from NSP could significantly impact investor sentiment and expectations.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports this improved outlook. There are no new threats impacting the thesis at this time.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 5 of last 5 quarters. Cash from operations showed high volatility, ranging from -$79M in 2025-Q2 to a peak of $255M in 2025-Q4, then $48M in 2026-Q2. Despite management focus, cash flow remains inconsistent, indicating limited progress on improving cash from operations.
“Cash from operating activities $48 million”
“Cash from operating activities -$67 million”
“Cash from operating activities $255 million”
“Cash from operating activities -$11 million”
“Cash from operating activities -$79 million”
Breaks if: dividend per share falls below $0.6
Continue paying consistent dividends to shareholders as part of capital allocation strategy.
Stated or implied in 5 of last 5 quarters by consistent dividend payments. Dividend per share remained steady at $0.60 from 2025-Q2 through 2026-Q2, demonstrating management's commitment to maintain dividend payout. The trajectory is stable and delivering on this capital allocation priority.
“Dividend per share $0.60”
“Dividend per share $0.60”
“Dividend per share $0.60”
“Dividend per share $0.60”
“Dividend per share $0.60”
Breaks if: EPS guidance midpoint falls below $1.6
Continue paying consistent dividends to shareholders as part of capital allocation strategy.
Stated or implied in 5 of last 5 quarters by consistent dividend payments. Dividend per share remained steady at $0.60 from 2025-Q2 through 2026-Q2, demonstrating management's commitment to maintain dividend payout. The trajectory is stable and delivering on this capital allocation priority.
“Dividend per share $0.60”
“Dividend per share $0.60”
“Dividend per share $0.60”
“Dividend per share $0.60”
“Dividend per share $0.60”
Breaks if: net income falls below zero in any quarter
Restore profitability with positive net income through margin recovery and operational improvements.
Stated as a priority in 5 of last 5 quarters. Net income improved from a loss of $33M in 2025-Q4 to a positive $4M in 2026-Q2, reflecting progress in restoring profitability. Management continues to emphasize achieving positive net income, and the financials show delivering improvement.
“Net income $4 million, up 180% year-over-year”
“Net income $33 million”
“Net loss $33 million”
“Net loss $20 million”
“Net loss $5 million”
Overall, NSP's outlook is mixed as it navigates high risks and an expensive valuation while focusing on recovery and growth. Not investment advice.