Maryland State Retirement & Pension System Increases Stake in Insight Enterprises, Inc. $NSIT

Maryland State Retirement & Pension System lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,069 shares of the software maker’s stock after purchasing an additional 110 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Insight Enterprises were worth $1,114,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSIT. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 185.2% in the 1st quarter. GAMMA Investing LLC now owns 1,155 shares of the software maker’s stock valued at $173,000 after purchasing an additional 750 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Insight Enterprises in the 1st quarter valued at approximately $27,000. Ritholtz Wealth Management raised its position in shares of Insight Enterprises by 2.2% in the 1st quarter. Ritholtz Wealth Management now owns 7,977 shares of the software maker’s stock valued at $1,196,000 after purchasing an additional 174 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Insight Enterprises in the 1st quarter valued at approximately $952,000. Finally, QRG Capital Management Inc. raised its position in shares of Insight Enterprises by 5.0% in the 1st quarter. QRG Capital Management Inc. now owns 8,572 shares of the software maker’s stock valued at $1,286,000 after purchasing an additional 405 shares during the last quarter.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $106.58 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 25.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The company has a 50 day moving average price of $122.03 and a 200-day moving average price of $131.47. Insight Enterprises, Inc. has a 1-year low of $105.78 and a 1-year high of $224.51.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NSIT. Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Barrington Research reissued an “outperform” rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $183.00.

Insight Enterprises Profile

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.