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NSP Insperity

Insperity®, a trusted advisor to America's best businesses for more than 34 years, provides an array of human resources and business solutions designed to help improve business performance. Offering the most comprehensive suite of products and services available in the marketplace, Insperity delivers administrative relief, better benefits, reduced liabilities and a systematic way to improve productivity through its premier Workforce Optimization® solution. Additional company offerings include Traditional Payroll and Human Capital Management, Time and Attendance, Performance Management, Organizational Planning, Recruiting Services, Employment Screening, Retirement Services and Insurance Services. With 2020 revenues of $4.3 billion, Insperity supports more than 100,000 businesses with over 2 million employees nationwide.

Company profile

Ticker
NSP
Exchange
CEO
Paul Sarvadi
Employees
Incorporated
Location
Fiscal year end
Former names
ADMINISTAFF INC \DE\
SEC CIK
IRS number
760479645

NSP stock data

(
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Calendar

2 Aug 21
4 Aug 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Insperity earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 705.13M 705.13M 705.13M 705.13M 705.13M 705.13M
Cash burn (monthly) 9.69M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 11.35M n/a n/a n/a n/a n/a
Cash remaining 693.78M n/a n/a n/a n/a n/a
Runway (months of cash) 71.6 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Jul 21 Rawson Richard G Common Stock Sell Dispose S Yes Yes 97.24 6,800 661.23K 153,866
29 Jul 21 Rawson Richard G Common Stock Sell Dispose S Yes Yes 97.26 7,050 685.68K 158,500
29 Jul 21 Rawson Richard G Common Stock Sell Dispose S Yes Yes 97.18 3,550 344.99K 78,800
24 Jun 21 Rawson Richard G Common Stock Sell Dispose S Yes Yes 95 3,200 304K 82,350
24 Jun 21 Rawson Richard G Common Stock Sell Dispose S Yes Yes 95.01 6,450 612.81K 160,666
24 Jun 21 Rawson Richard G Common Stock Sell Dispose S Yes Yes 95 6,700 636.5K 165,550
27 May 21 Arthur A Arizpe Common Stock Sell Dispose S No No 94 2,500 235K 80,460
27 May 21 Daniel D Herink Common Stock Sell Dispose S No No 93.91 5,000 469.55K 36,577
27 May 21 Douglas S Sharp Common Stock Sell Dispose S No No 93.65 5,208 487.73K 27,621

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

82.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 277 288 -3.8%
Opened positions 28 58 -51.7%
Closed positions 39 26 +50.0%
Increased positions 90 84 +7.1%
Reduced positions 111 104 +6.7%
13F shares
Current Prev Q Change
Total value 2.68B 2.61B +2.8%
Total shares 31.97M 32.02M -0.1%
Total puts 59.8K 67.8K -11.8%
Total calls 73.9K 74.7K -1.1%
Total put/call ratio 0.8 0.9 -10.8%
Largest owners
Shares Value Change
BLK Blackrock 4.52M $378.47M +5.2%
Vanguard 3.62M $302.86M +8.4%
Mawer Investment Management 2.78M $232.67M +28.9%
FMR 2.27M $190.28M -3.5%
FIL 1.21M $101.2M +70.7%
STT State Street 1.07M $89.45M -1.9%
MN Manning & Napier 1.02M $85.21M +1.8%
Lakewood Capital Management 743.76K $62.28M -3.3%
Dimensional Fund Advisors 597.22K $50.01M +0.3%
Geode Capital Management 575.93K $48.23M +8.5%
Largest transactions
Shares Bought/sold Change
Mawer Investment Management 2.78M +622.5K +28.9%
Norges Bank 0 -522.29K EXIT
FIL 1.21M +500.37K +70.7%
Charles Schwab Investment Management 296.28K -350.05K -54.2%
Vanguard 3.62M +280.02K +8.4%
River Road Asset Management 114.51K -273.06K -70.5%
Millennium Management 113.32K -242.59K -68.2%
BLK Blackrock 4.52M +222.76K +5.2%
Glenview Capital Management 376.61K +216.62K +135.4%
Seizert Capital Partners 192.06K +192.06K NEW

Financial report summary

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Risks
  • Adverse economic conditions could negatively affect our industry, business, and results of operations.
  • The economic impact of the COVID-19 pandemic is adversely affecting our business. The current pandemic may have, and a future outbreak of other highly infectious or contagious diseases could have, a material and adverse impact on our business, results of operations, financial condition and cash flows.
  • Geographic market concentration makes our results of operations vulnerable to regional economic factors.
  • We assume liability for WSEE payroll, payroll taxes, benefits costs and workers’ compensation costs and are responsible for their payment regardless of the amount billed to or paid by our clients.
  • Increases in health insurance costs or our inability to secure replacement health insurance coverage on competitive terms could have a material adverse effect on our business, financial condition or results of operations.
  • Health care reform could affect our health insurance plan and could lead to a significant disruption in our business.
  • Increases in workers’ compensation costs or inability to secure replacement coverage on competitive terms could lead to a significant disruption to our business.
  • Our ability to adjust and collect service fees for increases in unemployment tax rates may be limited.
  • Many of our contracts for our PEO HR Outsourcing solutions may be canceled on short notice. Our inability to renew client contracts or attract new clients could materially and adversely affect our financial conditions or results of operations.
  • Our loss of insurance coverage, the failure of our insurance carriers or increased insurance costs or deductibles could have a material adverse effect on us.
  • A determination that a client is liable for employment taxes not paid by a PEO may discourage clients from contracting with us in the future.
  • New and higher federal, state and local taxes could have a material adverse impact on our financial condition and results of operations.
  • We may be subject to liabilities for client and employee actions.
  • Changes in federal, state and local regulation or our inability to obtain licenses under new regulatory frameworks could have a material adverse effect on our results of operations or financial condition.
  • Competition and other developments in the HR services industry may impact our growth and/or profitability.
  • Evolving regulations, market trends and client expectations require us to constantly enhance and expand our service and technology offerings.
  • Disruptions of our information technology systems could damage our reputation and materially disrupt our business operations.
  • We could be subject to reduced revenues, increased costs, liability claims, or harm to our competitive position as a result of data theft, cyberattacks or other security vulnerabilities.
  • Failure to comply with privacy, data protection and cybersecurity laws and regulations could have a material adverse effect on our reputation, results of operations or financial condition, or have other adverse consequences.
  • The failure of third-party providers, such as financial institutions, data centers or cloud-service providers, could have a material adverse effect on us.
  • Failure to integrate or realize the expected return on our acquisitions and investments could have a material adverse impact on our financial condition or results of operations.
Management Discussion
  • •Average number of WSEEs paid per month increased 6.7%
  • •Net income and diluted earnings per share (“diluted EPS”) decreased 51.5% and 51.1% to $25.2 million and $0.65, respectively
  • •Adjusted EPS decreased 40.9% to $0.91
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
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Readability
H.S. sophomore Avg
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