Insperity (NSP) provides outsourced HR, payroll, benefits and related business-performance services to small and mid-sized companies, a mix of services and software that sits inside the Enterprise & Vertical Software theme. The company trades on the NYSE with a market capitalization around $1.83 billion and is scored as a theme leader under the service-software category.
Revenue has shown year-over-year gains in every reported quarter from CY2023Q3 through CY2026Q2, with quarterly receipts ranging roughly from $1.55 billion to $1.895 billion; the most recent quarter, CY2026Q2, recorded $1.686 billion in revenue, up about 1.69% year over year. Growth is modest and not accelerating. GAAP diluted EPS has been uneven: examples include GAAP EPS of $2.08 in CY2024Q1, GAAP losses of $-0.14 and $-0.53 in CY2025Q2 and CY2025Q3, and GAAP EPS of $0.10 in CY2026Q2, indicating volatility in reported earnings and no acceleration in GAAP EPS.
Institutional activity points toward accumulation: 372 reporting institutions held about 1.155% of the company at the last filing, average top-holder position change was +0.2437 and 90% of the largest holders were adding. Technically the stock sits in a Stage 2 continuation, price above the 200-day moving average (200-day SMA $38.28) but below the 50-day and short EMAs, producing a constructive trend with a pullback that markets are watching rather than entering as a fresh breakout.
Why now
The combination of confirmed Stage 2 trend checks, recent three-month relative outperformance versus the S&P 500 (+20.2% excess return), and visible institutional accumulation creates a timely watch setup; the stock is trading below its 50-day average and near the 9/21-day EMAs, so the current pullback offers a clear technical reference point while GAAP earnings remain volatile.
The setup
Last close was $47.90 (2026-09-24), below the 50-day SMA ($51.17), the 9-day EMA ($49.75) and the 21-day EMA ($50.41), but above the 200-day SMA ($38.28). Distance to the 9-day EMA is about -3.7% and to the 21-day EMA about -5.0%. RSI is 38.28 and the up/down volume ratio over 50 days is 1.21. Six of seven trend checks passed and the Weinsten stage is 2 — continuation — but entry readiness is “watch,” with no verified fresh breakout and 82 sessions since a recognized setup.
Revenue trajectory
Full-year revenue with year-over-year growth. Solid bars are calendar-year actuals from SEC EDGAR filings (XBRL); dashed bars are analyst consensus via Yahoo Finance (5 analysts), which is published two fiscal years out.Earnings trajectory
Solid bars are quarterly GAAP diluted EPS from SEC EDGAR filings. Dashed bars are analyst consensus, which is typically adjusted (non-GAAP). The two are measured differently, so a step between the last actual and the first estimate usually reflects that change in basis rather than a change in the business.Analyst full-year EPS consensus (typically adjusted): FY'26E $2.11 (+105%) · FY'27E $2.70 (+28%) — 5 analysts
Risks
1) GAAP earnings volatility and recent quarters with negative GAAP diluted EPS could compress valuation and make performance sensitive to one-time items. 2) Revenue growth is modest and not accelerating; a continued slowdown would weaken the premium for a theme/leader designation. 3) Insperity’s business depends on employment and payroll volumes, so an economic slowdown or sustained weakness in hiring would reduce demand for outsourced HR services.
Framework fit
CANSLIM
5/7- CCurrent quarterly GAAP EPS growth ≥ 25%-35%✕
- AAnnual GAAP EPS growth ≥ 25%-108%✕
- NNew highs — within 15% of 52-week high-11.35%✓
- SSupply/demand — up-day volume leads1.21x✓
- LLeader — outperforming the S&P 500+67% 6m✓
- IInstitutional sponsorshipmodel score 9/10✓
- MMarket in a confirmed uptrendConfirmed uptrend✓
Minervini Trend Template
6/7Stage 2 confirmation checklist: price versus rising long-term moving averages and the 52-week range.
Weinstein Stage
Established uptrend: price is above a rising 30-week proxy, with the 200-day line used as a separate confirmation.