Meeder Asset Management Inc. acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,101 shares of the software maker’s stock, valued at approximately $1,109,000.
A number of other large investors have also modified their holdings of NSIT. WINTON GROUP Ltd bought a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $4,400,000. BNP Paribas Financial Markets lifted its position in Insight Enterprises by 21.9% during the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock worth $15,353,000 after buying an additional 33,880 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Insight Enterprises during the fourth quarter worth approximately $1,126,000. Norges Bank bought a new position in Insight Enterprises in the 4th quarter valued at $36,209,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Insight Enterprises by 34.6% in the second quarter. Assenagon Asset Management S.A. now owns 60,746 shares of the software maker’s stock valued at $7,399,000 after acquiring an additional 15,623 shares during the last quarter.
Analyst Ratings Changes
Several analysts have weighed in on NSIT shares. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research report on Monday, August 10th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.50.
Insight Enterprises Price Performance
NSIT opened at $149.24 on Wednesday. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $157.35. The company has a fifty day simple moving average of $123.57 and a 200 day simple moving average of $97.48. The stock has a market cap of $4.38 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.18 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.Insight Enterprises’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, research analysts expect that Insight Enterprises, Inc. will post 10.89 EPS for the current year.
Insight Enterprises Profile
Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.
At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.
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