Insperity (NSP)
Provides PEO, payroll, benefits, and HR technology for small and midsize businesses.
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Sells PEO-based HR Solutions that bundle payroll administration, benefits, workers' compensation, compliance support, performance management, and training. Revenue is earned as a markup over worksite-employee payroll, with operations concentrated in the United States and shaped by co-employment, benefits, and insurance arrangements.
Runs a single HR Solutions segment built around HR 360, HR 360 Select Edition, HR Scale, and HR Core. The core PEO model combines payroll administration, employee benefits, workers' compensation, compliance support, performance management, training, and access to Insperity Premier.
Serves small, midsize, growing, and middle-market employers mainly in the United States, with revenue recognized from the markup over worksite-employee payroll rather than the payroll itself. The operating style pairs HR advisors and service teams with proprietary technology and a Workday HCM-based HR Scale tenant.
Depends on the legal treatment of PEO co-employment, payroll-tax compliance, client retention, health-benefit costs, and workers' compensation coverage. Major benefit and insurance programs rely on external carrier arrangements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 31, 2026 | Roth Capital | Target | Target: $59 | Target: $61 |
| Jul 31, 2026 | Robert W. Baird | Target | Target: $36 | Target: $56 |
| Jul 29, 2026 | Roth Capital | Reiterate | Rating: —Target: $54 | Target: $59 |
| Jul 22, 2026 | Truist Financial | Target | Target: $35 | Target: $52 |
| May 1, 2026 | Roth Capital | Target | Target: $62 | Target: $54 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $619.0M · Total debt $478.0M · Total assets $2.23B · Shareholders' equity $61.0M
- Revenue
- $1.69B
- Operating income
- $6.0M
- Net income
- $4.0M
HistoryDividendAnnual yield
| Institutions | 116.04% | 44.32M shares | |
|---|---|---|---|
| 283 holders · as of Jun 30, 2026 | |||
| Insiders | 6.31% | 2.41M shares | |
| 15 holders · as of Sep 14, 2026 | |||
| Adds to | 122.35% | ||
38.20M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 122.35%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.53% | 5.55M | as of Jun 30, 2026 |
Reinhart Partners, Inc.Institution | 8.65% | 3.30M | as of Jun 30, 2026 |
Earnest Partners LLCInstitution | 8.12% | 3.10M | as of Jun 30, 2026 |
Bank of America Corp /DE/Institution | 7.51% | 2.87M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.81% | 2.22M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 3, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +233,000 | $34.05 |
| May 5, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +100,000 | $28.73 |
| Mar 17, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +16,987 | $22.58 |
| Mar 18, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +160,000 | $23.22 |
| Mar 19, 2026 | Paul J. Sarvadi | director, officer: Chairman of the Board & CEO | +25,000 | $23.60 |
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- Paylocity
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- Workday
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Insperity | $50.32 | +0.12% | $1.92B | — | 20.8 | 0.3 | +1.7% |
| ADP | $266.59 | −1.24% | $107.90B | 24.7 | 21.7 | 4.9 | +6.8% |
| Paychex | $113.72 | −1.13% | $40.91B | 23.6 | 19.1 | 6.3 | +12.5% |
| TriNet Group | $66.51 | −0.23% | $3.06B | 17.9 | 15.7 | 0.6 | −4.9% |
| Barrett Business Services | $32.51 | −1.07% | $807.0M | 24.2 | 17.8 | 0.6 | +3.8% |
| Paycom Software | $224.00 | −0.99% | $10.20B | 24.0 | 17.0 | 4.8 | +9.8% |
| Paylocity | $143.47 | −0.66% | $7.73B | 29.4 | 16.3 | 4.4 | +11.0% |
| Workday | $188.72 | −1.67% | $50.27B | 38.9 | 15.7 | 4.9 | +12.8% |
| Median | 24.2 | 17.0 | 4.8 | +9.8% |