Equitable Trust Co. Trims Stock Holdings in Insight Enterprises, Inc. $NSIT

Equitable Trust Co. reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,717 shares of the software maker’s stock after selling 283 shares during the period. Equitable Trust Co.’s holdings in Insight Enterprises were worth $928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises in the 1st quarter valued at about $27,000. Bessemer Group Inc. raised its holdings in Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock valued at $29,000 after buying an additional 84 shares during the period. Golden State Wealth Management LLC raised its holdings in Insight Enterprises by 100.5% in the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock valued at $63,000 after buying an additional 210 shares during the period. Covestor Ltd raised its holdings in Insight Enterprises by 68.1% in the 1st quarter. Covestor Ltd now owns 580 shares of the software maker’s stock valued at $87,000 after buying an additional 235 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Insight Enterprises by 185.2% in the 1st quarter. GAMMA Investing LLC now owns 1,155 shares of the software maker’s stock valued at $173,000 after buying an additional 750 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on NSIT. JPMorgan Chase & Co. boosted their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Barrington Research reiterated an “outperform” rating and set a $164.00 price target on shares of Insight Enterprises in a research note on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $107.67 on Wednesday. The firm has a market capitalization of $3.39 billion, a P/E ratio of 25.70, a P/E/G ratio of 0.98 and a beta of 1.13. Insight Enterprises, Inc. has a 52 week low of $105.78 and a 52 week high of $224.51. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $121.55 and its two-hundred day moving average is $130.99.

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

Insight Enterprises 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.