SG Americas Securities LLC Buys Shares of 4,805 Insight Enterprises, Inc. $NSIT

SG Americas Securities LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,805 shares of the software maker’s stock, valued at approximately $663,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Covestor Ltd raised its position in shares of Insight Enterprises by 68.1% in the 1st quarter. Covestor Ltd now owns 580 shares of the software maker’s stock valued at $87,000 after acquiring an additional 235 shares during the period. MQS Management LLC bought a new stake in Insight Enterprises in the second quarter valued at approximately $203,000. Integrated Wealth Concepts LLC acquired a new stake in Insight Enterprises in the first quarter worth $221,000. Vise Technologies Inc. bought a new position in shares of Insight Enterprises during the second quarter worth $229,000. Finally, Sepio Capital LP acquired a new position in shares of Insight Enterprises in the 1st quarter valued at $231,000.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $83.81 on Tuesday. The company has a fifty day moving average price of $103.90 and a 200 day moving average price of $123.04. The firm has a market cap of $2.60 billion, a PE ratio of 20.00, a PEG ratio of 0.95 and a beta of 1.11. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 1-year low of $81.59 and a 1-year high of $181.92.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on NSIT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Barrington Research set a $120.00 price target on Insight Enterprises in a report on Friday, October 31st. Finally, Canaccord Genuity Group started coverage on Insight Enterprises in a report on Wednesday, November 19th. They set a “hold” rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Hold” and a consensus price target of $128.33.

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.