Legal & General Group Plc bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 72,550 shares of the software maker’s stock, valued at approximately $8,837,000. Legal & General Group Plc owned about 0.25% of Insight Enterprises as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of NSIT. The Manufacturers Life Insurance Company purchased a new position in Insight Enterprises during the 2nd quarter worth $1,666,000. Paradigm Capital Management Inc. NY bought a new position in shares of Insight Enterprises during the second quarter valued at about $116,563,000. Sanctuary Advisors LLC purchased a new position in Insight Enterprises during the second quarter worth about $211,000. Pinnbrook Capital Management LP bought a new stake in Insight Enterprises in the 2nd quarter worth about $2,533,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Insight Enterprises in the 2nd quarter valued at about $348,000.
Wall Street Analyst Weigh In
NSIT has been the topic of a number of research analyst reports. Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research note on Friday, May 8th. Barrington Research set a $180.00 price objective on Insight Enterprises in a research report on Monday, August 10th. Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial restated an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $147.50.
Insight Enterprises Price Performance
Shares of NASDAQ:NSIT opened at $154.07 on Wednesday. The firm has a market capitalization of $4.52 billion, a PE ratio of 22.56, a P/E/G ratio of 1.14 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $131.98 and a two-hundred day moving average price of $102.07. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month high of $159.41.
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities analysts forecast that Insight Enterprises, Inc. will post 11.5 EPS for the current year.
Insider Activity
In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.21% of the stock is currently owned by corporate insiders.
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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