Illinois Municipal Retirement Fund Decreases Position in Insight Enterprises, Inc. $NSIT

Illinois Municipal Retirement Fund trimmed its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,161 shares of the software maker’s stock after selling 1,982 shares during the period. Illinois Municipal Retirement Fund owned about 0.08% of Insight Enterprises worth $3,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Insight Enterprises by 64.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,158 shares of the software maker’s stock valued at $4,973,000 after acquiring an additional 13,051 shares during the last quarter. Xponance Inc. increased its stake in Insight Enterprises by 4.3% in the 1st quarter. Xponance Inc. now owns 2,278 shares of the software maker’s stock worth $342,000 after purchasing an additional 94 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Insight Enterprises by 48.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after purchasing an additional 181,104 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Insight Enterprises by 14.3% during the first quarter. Verdence Capital Advisors LLC now owns 1,603 shares of the software maker’s stock valued at $240,000 after purchasing an additional 200 shares during the period. Finally, Forte Capital LLC ADV grew its holdings in shares of Insight Enterprises by 46.0% in the first quarter. Forte Capital LLC ADV now owns 20,122 shares of the software maker’s stock worth $3,018,000 after purchasing an additional 6,342 shares during the last quarter.

Insight Enterprises Trading Up 2.1%

Shares of NASDAQ NSIT opened at $91.65 on Thursday. Insight Enterprises, Inc. has a 1 year low of $89.50 and a 1 year high of $181.92. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The firm has a 50-day moving average of $110.28 and a 200 day moving average of $125.87. The stock has a market cap of $2.84 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11.

Insight Enterprises (NASDAQ:NSIT) last released its 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 company had revenue of $2 billion during 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 company’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.19 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Barrington Research set a $120.00 price target on shares of Insight Enterprises in a report on Friday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

About Insight Enterprises

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.