Insight Enterprises, Inc. $NSIT Shares Sold by Capital Research Global Investors

Capital Research Global Investors trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 60.0% in the fourth quarter, Holdings Channel reports. The firm owned 280,152 shares of the software maker’s stock after selling 419,398 shares during the quarter. Capital Research Global Investors’ holdings in Insight Enterprises were worth $22,824,000 as of its most recent SEC filing.

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

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $109.80 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average of $84.80 and a two-hundred day moving average of $83.44. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $148.58. The company has a market cap of $3.32 billion, a P/E ratio of 19.20, a PEG ratio of 0.96 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $2.06 earnings per share. Insight Enterprises’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. As a group, analysts anticipate that Insight Enterprises, Inc. will post 11.43 EPS for the current year.

Insider Buying and Selling

In related news, CFO James A. Morgado bought 2,290 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought 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 directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. The trade was a 15.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.21% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

About Insight Enterprises

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.