Pacer Advisors Inc. trimmed its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 135,647 shares of the software maker’s stock after selling 21,028 shares during the period. Pacer Advisors Inc.’s holdings in Insight Enterprises were worth $9,090,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Morgan Stanley increased its stake in shares of Insight Enterprises by 15.6% in the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after acquiring an additional 362,258 shares in the last quarter. State Street Corp grew its holdings in Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after purchasing an additional 36,566 shares during the period. Paradigm Capital Management Inc. NY increased its stake in Insight Enterprises by 17.9% in the first quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker’s stock valued at $64,057,000 after purchasing an additional 145,169 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Insight Enterprises by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after purchasing an additional 94,877 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Insight Enterprises by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock valued at $60,457,000 after purchasing an additional 8,919 shares during the period.
Insiders Place Their Bets
In related news, CFO James A. Morgado purchased 2,290 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the purchase, the chief financial officer owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.
Insight Enterprises Stock Performance
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period last 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, analysts expect that Insight Enterprises, Inc. will post 10.89 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on NSIT. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Wednesday, May 27th. Wall Street Zen lowered Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Sunday. Finally, Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research note on Friday, May 8th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $100.00.
Get Our Latest Stock Report on Insight Enterprises
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.
Read More
- Five stocks we like better than Insight Enterprises
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report).
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
-limited-logo-1200x675.png){kind=logo}
