Insight Enterprises, Inc. $NSIT Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 51.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 9,110 shares of the software maker’s stock after selling 9,794 shares during the period. SG Americas Securities LLC’s holdings in Insight Enterprises were worth $610,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at about $36,209,000. Morgan Stanley grew its holdings in shares of Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after buying an additional 362,258 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Insight Enterprises by 35.9% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after buying an additional 214,064 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Insight Enterprises by 321.0% in the second quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock valued at $32,754,000 after buying an additional 180,860 shares during the last quarter. Finally, Pacer Advisors Inc. purchased a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $12,764,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NSIT. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research report on Friday, May 8th. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Wednesday, May 27th. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Insiders Place Their Bets

In other news, CFO James A. Morgado purchased 2,290 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $87.25 per share, with a total value of $199,802.50. Following the completion of the transaction, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.21% of the company’s stock.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $112.14 on Wednesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.08. Insight Enterprises, Inc. has a one year low of $63.62 and a one year high of $148.58. The company has a 50 day moving average price of $101.11 and a 200 day moving average price of $87.36.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.43. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 10.8 EPS for the current year.

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.