Yousif Capital Management LLC Increases Stock Holdings in Insight Enterprises, Inc. $NSIT

Yousif Capital Management LLC raised its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 10,736 shares of the software maker’s stock after acquiring an additional 146 shares during the period. Yousif Capital Management LLC’s holdings in Insight Enterprises were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Insight Enterprises by 23.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 144,037 shares of the software maker’s stock valued at $20,424,000 after purchasing an additional 27,131 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Insight Enterprises by 1.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 8,069 shares of the software maker’s stock valued at $1,114,000 after purchasing an additional 110 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in shares of Insight Enterprises by 7.4% in the second quarter. KLP Kapitalforvaltning AS now owns 5,800 shares of the software maker’s stock valued at $801,000 after buying an additional 400 shares in the last quarter. Sendero Wealth Management LLC boosted its stake in shares of Insight Enterprises by 12.6% in the second quarter. Sendero Wealth Management LLC now owns 6,504 shares of the software maker’s stock valued at $898,000 after buying an additional 729 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of Insight Enterprises by 7.9% in the second quarter. State of Alaska Department of Revenue now owns 16,343 shares of the software maker’s stock valued at $2,256,000 after buying an additional 1,200 shares in the last quarter.

Insight Enterprises Stock Up 1.3%

NSIT opened at $109.47 on Tuesday. The business’s fifty day moving average is $120.61 and its two-hundred day moving average is $129.95. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 0.99 and a beta of 1.13. Insight Enterprises, Inc. has a one year low of $105.78 and a one year high of $223.37.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.04). The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barrington Research restated an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a research note on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $183.00.

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.