Sendero Wealth Management LLC Boosts Stock Holdings in Insight Enterprises, Inc. $NSIT

Sendero Wealth Management LLC boosted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 12.6% in the second quarter, Holdings Channel.com reports. The firm owned 6,504 shares of the software maker’s stock after acquiring an additional 729 shares during the quarter. Sendero Wealth Management LLC’s holdings in Insight Enterprises were worth $898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Insight Enterprises by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after buying an additional 181,104 shares during the period. Fiduciary Management Inc. WI raised its position in Insight Enterprises by 17.1% in the first quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker’s stock worth $142,377,000 after acquiring an additional 138,914 shares in the last quarter. Nuveen LLC acquired a new stake in Insight Enterprises in the first quarter valued at $13,891,000. American Century Companies Inc. boosted its position in shares of Insight Enterprises by 105.2% during the 1st quarter. American Century Companies Inc. now owns 143,751 shares of the software maker’s stock worth $21,561,000 after purchasing an additional 73,696 shares in the last quarter. Finally, Nomura Holdings Inc. grew its stake in shares of Insight Enterprises by 166.8% during the 1st quarter. Nomura Holdings Inc. now owns 88,076 shares of the software maker’s stock worth $13,211,000 after purchasing an additional 55,070 shares during the period.

Wall Street Analyst Weigh In

Several analysts recently commented on NSIT shares. Barrington Research reiterated an “outperform” rating and issued a $164.00 price objective on shares of Insight Enterprises in a research note on Monday, September 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Insight Enterprises in a research report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

Insight Enterprises Stock Down 0.5%

NSIT opened at $111.47 on Monday. Insight Enterprises, Inc. has a 1 year low of $110.54 and a 1 year high of $225.38. The firm has a 50 day moving average price of $124.66 and a 200 day moving average price of $133.12. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. The company has a market cap of $3.51 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $2.46 earnings per share. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.