---
title: "Insperity: Margin Progress Offsets Softer Volume as Outlook Cuts WSE Growth, Supporting Hold Rating"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284916948.md"
description: "William Blair analyst Andrew Nicholas maintains a Hold rating on Insperity (NSP) stock, citing a balance of margin progress against softer volume trends. Despite exceeding expectations on gross profit and adjusted EBITDA due to cost control, earnings per share were impacted by a higher tax rate. Management has reduced its outlook for worksite employee growth, anticipating a modest contraction. Truist Financial also reiterated a Hold rating with a $35.00 price target, indicating limited near-term upside for the shares."
datetime: "2026-05-01T15:45:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284916948.md)
  - [en](https://longbridge.com/en/news/284916948.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284916948.md)
---

# Insperity: Margin Progress Offsets Softer Volume as Outlook Cuts WSE Growth, Supporting Hold Rating

William Blair analyst Andrew Nicholas has maintained their neutral stance on NSP stock, giving a Hold rating today.

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Andrew Nicholas has given his Hold rating due to a combination of factors relating to both growth and profitability. While Insperity exceeded expectations on gross profit and adjusted EBITDA thanks to disciplined cost control and slightly better benefit costs, earnings per share were constrained by a higher tax rate and the overall narrative remains one of stabilization rather than clear acceleration.

At the same time, management reduced its outlook for worksite employee growth, now anticipating a modest contraction driven by weaker new sales, elevated client attrition, and timing issues around net hiring, even as the mix shift and expense discipline allow the company to maintain its full-year EBITDA guidance. This balance of solid margin progress against softer volume trends and a more challenging demand backdrop leads Nicholas to see limited near-term upside in the shares, supporting a Hold rather than a more constructive rating.

In another report released today, Truist Financial also reiterated a Hold rating on the stock with a $35.00 price target.

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- [NSP.US](https://longbridge.com/en/quote/NSP.US.md)
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