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