Insight Enterprises, Inc. $NSIT Shares Sold by Assetmark Inc.

Assetmark Inc. lowered its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,045 shares of the software maker’s stock after selling 1,652 shares during the quarter. Assetmark Inc.’s holdings in Insight Enterprises were worth $1,939,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in Insight Enterprises by 68.1% in the 1st quarter. Covestor Ltd now owns 580 shares of the software maker’s stock worth $87,000 after buying an additional 235 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Insight Enterprises in the 2nd quarter valued at about $203,000. Sage Rhino Capital LLC acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at about $220,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at about $221,000. Finally, Sepio Capital LP acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at about $231,000.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $94.98 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a fifty-two week low of $94.04 and a fifty-two week high of $181.92. The firm has a 50-day simple moving average of $114.70 and a 200 day simple moving average of $127.62. The company has a market cap of $2.99 billion, a PE ratio of 22.67, a P/E/G ratio of 0.95 and a beta of 1.13.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company earned $2.19 EPS. Insight Enterprises’s quarterly revenue was down 4.0% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analyst Ratings Changes

NSIT has been the topic of a number of recent analyst reports. Barrington Research set a $120.00 target price on shares of Insight Enterprises in a research note on Friday. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $168.33.

Insight Enterprises Company 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.