Sterling Capital Management LLC boosted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) by 587.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,996 shares of the software maker’s stock after buying an additional 3,415 shares during the quarter. Sterling Capital Management LLC’s holdings in Insight Enterprises were worth $625,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NSIT. Reyes Financial Architecture Inc. bought a new stake in shares of Insight Enterprises during the 3rd quarter valued at $51,000. Crossmark Global Holdings Inc. bought a new position in Insight Enterprises in the 3rd quarter worth $243,000. Nisa Investment Advisors LLC raised its holdings in Insight Enterprises by 19.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,347 shares of the software maker’s stock worth $367,000 after purchasing an additional 381 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in Insight Enterprises during the third quarter valued at $591,000. Finally, ZWJ Investment Counsel Inc. lifted its position in Insight Enterprises by 4.8% during the third quarter. ZWJ Investment Counsel Inc. now owns 3,368 shares of the software maker’s stock valued at $526,000 after purchasing an additional 155 shares in the last quarter.
Insight Enterprises Stock Down 0.3%
NSIT opened at $177.84 on Thursday. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 26.04, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. The firm’s fifty day moving average is $160.18 and its 200 day moving average is $112.32. Insight Enterprises, Inc. has a fifty-two week low of $63.62 and a fifty-two week high of $182.12.
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last issued its quarterly 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. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business posted $2.45 EPS. Insight Enterprises’s revenue for the quarter was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 11.50 earnings per share for the current fiscal year.
Insider Transactions at Insight Enterprises
In related news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.21% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on NSIT shares. Zacks Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a research report on Thursday, August 6th. Barrington Research set a $180.00 price objective on Insight Enterprises in a research note on Monday, August 10th. Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Finally, Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $147.50.
Get Our Latest Analysis on NSIT
About Insight Enterprises
Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.
Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.
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