Legal & General Group Plc Trims Stock Holdings in Insight Enterprises, Inc. $NSIT

Legal & General Group Plc reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 15.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,365 shares of the software maker’s stock after selling 14,678 shares during the period. Legal & General Group Plc’s holdings in Insight Enterprises were worth $6,466,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSIT. Royal Bank of Canada raised its holdings in Insight Enterprises by 684.8% in the 1st quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock valued at $3,664,000 after buying an additional 21,310 shares during the period. AQR Capital Management LLC raised its holdings in Insight Enterprises by 39.7% in the 1st quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock valued at $2,264,000 after buying an additional 4,293 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Insight Enterprises in the 1st quarter valued at about $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Insight Enterprises by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock valued at $2,432,000 after buying an additional 714 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Insight Enterprises by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock valued at $11,138,000 after buying an additional 3,722 shares during the period.

Insight Enterprises Stock Down 6.5%

NSIT stock opened at $111.07 on Friday. The company’s 50 day moving average price is $83.12 and its 200 day moving average price is $83.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. Insight Enterprises, Inc. has a fifty-two week low of $63.62 and a fifty-two week high of $148.58. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 0.97 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 11.43 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NSIT has been the topic of several research analyst reports. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Thursday, May 7th. Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insight Enterprises in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a research report on Wednesday, May 27th. Finally, Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $100.00.

Insider Buying and Selling at Insight Enterprises

In other news, CFO James A. Morgado bought 2,290 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the purchase, the chief financial officer owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.

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.