Bank of New York Mellon Corp Purchases 25,338 Shares of Insight Enterprises, Inc. $NSIT

Bank of New York Mellon Corp boosted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 246,751 shares of the software maker’s stock after purchasing an additional 25,338 shares during the period. Bank of New York Mellon Corp’s holdings in Insight Enterprises were worth $34,073,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Covestor Ltd grew its holdings in shares of Insight Enterprises by 68.1% during the first 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 last quarter. MQS Management LLC bought a new position in Insight Enterprises in the 2nd quarter valued at approximately $203,000. Integrated Wealth Concepts LLC purchased a new stake in Insight Enterprises during the 1st quarter valued at $221,000. Sepio Capital LP bought a new stake in shares of Insight Enterprises in the 1st quarter worth $231,000. Finally, Verdence Capital Advisors LLC increased its holdings in shares of Insight Enterprises by 14.3% in the 1st quarter. Verdence Capital Advisors LLC now owns 1,603 shares of the software maker’s stock worth $240,000 after purchasing an additional 200 shares in the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Barrington Research set a $120.00 price target on shares of Insight Enterprises in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Insight Enterprises presently has an average rating of “Moderate Buy” and an average price target of $168.33.

Insight Enterprises Trading Down 1.3%

Shares of NASDAQ:NSIT opened at $90.49 on Friday. Insight Enterprises, Inc. has a 52-week low of $89.50 and a 52-week high of $181.92. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.60, 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 stock’s 50-day simple moving average is $109.56 and its two-hundred day simple moving average is $125.62.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 EPS for the quarter, missing the consensus estimate 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 for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the company earned $2.19 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. Analysts expect that Insight Enterprises, Inc. will post 9.89 EPS 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.