Insight Enterprises, Inc. $NSIT Stock Position Trimmed by Intech Investment Management LLC

Intech Investment Management LLC cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,417 shares of the software maker’s stock after selling 2,642 shares during the period. Intech Investment Management LLC’s holdings in Insight Enterprises were worth $3,648,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Management Inc. WI increased its holdings in shares of Insight Enterprises by 17.1% during the first quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker’s stock valued at $142,377,000 after purchasing an additional 138,914 shares during the period. Nuveen LLC bought a new position in Insight Enterprises in the 1st quarter valued at about $13,891,000. American Century Companies Inc. increased its stake in Insight Enterprises by 105.2% during the 1st quarter. American Century Companies Inc. now owns 143,751 shares of the software maker’s stock valued at $21,561,000 after buying an additional 73,696 shares during the period. Nomura Holdings Inc. raised its position in shares of Insight Enterprises by 166.8% during the 1st quarter. Nomura Holdings Inc. now owns 88,076 shares of the software maker’s stock worth $13,211,000 after buying an additional 55,070 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Insight Enterprises by 23.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 144,037 shares of the software maker’s stock worth $20,424,000 after acquiring an additional 27,131 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NSIT. Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Barrington Research set a $120.00 price target on Insight Enterprises in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and an average target price of $142.50.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $88.01 on Wednesday. Insight Enterprises, Inc. has a 1 year low of $87.45 and a 1 year high of $181.92. The business’s fifty day moving average is $107.25 and its two-hundred day moving average is $124.45. The stock has a market capitalization of $2.73 billion, a P/E ratio of 21.00, a P/E/G 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.

Insight Enterprises (NASDAQ:NSIT) last released 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). The firm 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 business’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business earned $2.19 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

About Insight Enterprises

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.