Louisiana State Employees Retirement System Buys New Stake in Insight Enterprises, Inc. $NSIT

Louisiana State Employees Retirement System bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSITFree Report) during the first quarter, HoldingsChannel reports. The institutional investor bought 13,700 shares of the software maker’s stock, valued at approximately $918,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after buying an additional 149 shares in the last quarter. Torren Management LLC acquired a new position in Insight Enterprises in the 4th quarter valued at about $44,000. Caitong International Asset Management Co. Ltd increased its stake in Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after purchasing an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Insight Enterprises by 40.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after purchasing an additional 170 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in shares of Insight Enterprises by 467.1% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after purchasing an additional 668 shares during the period.

Insiders Place Their Bets

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a report on Thursday, May 7th. JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target for the company in a research report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research note on Friday, May 8th. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

View Our Latest Report on Insight Enterprises

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $113.34 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month high of $148.58. The stock has a 50 day moving average of $99.57 and a two-hundred day moving average of $86.91. The stock has a market cap of $3.42 billion, a P/E ratio of 19.81, a P/E/G ratio of 1.05 and a beta of 1.08.

Insight Enterprises (NASDAQ:NSITGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.43. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts forecast that Insight Enterprises, Inc. will post 10.8 earnings per share for the current year.

Insight Enterprises Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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