Insight Enterprises, Inc. $NSIT Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 24.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 6,603 shares of the software maker’s stock after selling 2,094 shares during the quarter. Teacher Retirement System of Texas’ holdings in Insight Enterprises were worth $912,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NSIT. Riverwater Partners LLC lifted its holdings in shares of Insight Enterprises by 12.6% in the 2nd quarter. Riverwater Partners LLC now owns 2,192 shares of the software maker’s stock valued at $303,000 after purchasing an additional 245 shares during the last quarter. MQS Management LLC acquired a new position in Insight Enterprises during the second quarter worth approximately $203,000. State of New Jersey Common Pension Fund D lifted its stake in Insight Enterprises by 12.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 14,127 shares of the software maker’s stock valued at $1,951,000 after buying an additional 1,567 shares during the last quarter. AlphaQuest LLC boosted its holdings in shares of Insight Enterprises by 264.9% in the second quarter. AlphaQuest LLC now owns 3,609 shares of the software maker’s stock valued at $498,000 after acquiring an additional 2,620 shares during the period. Finally, First Citizens Bank & Trust Co. purchased a new position in shares of Insight Enterprises during the second quarter worth approximately $483,000.

Analysts Set New Price Targets

Several research firms recently commented on NSIT. Barrington Research set a $120.00 price target on shares of Insight Enterprises in a research report on Friday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, Weiss Ratings reiterated 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.33.

Insight Enterprises Stock Down 3.6%

Shares of Insight Enterprises stock opened at $91.54 on Friday. Insight Enterprises, Inc. has a one year low of $90.87 and a one year high of $181.92. The company has a market cap of $2.84 billion, a P/E ratio of 21.85, a PEG ratio of 0.95 and a beta of 1.11. 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 firm has a fifty day moving average of $113.27 and a two-hundred day moving average of $127.15.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.06). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the firm earned $2.19 EPS. The firm’s revenue was down 4.0% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

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.