Meeder Asset Management Inc. Makes New Investment in Insight Enterprises, Inc. $NSIT

Meeder Asset Management Inc. purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,101 shares of the software maker’s stock, valued at approximately $1,109,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NSIT. BlackRock Inc. bought a new stake in Insight Enterprises in the second quarter worth $587,162,000. Morgan Stanley raised its holdings in Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after buying an additional 362,258 shares in the last quarter. State Street Corp lifted its position in shares of Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after buying an additional 36,566 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its stake in shares of Insight Enterprises by 17.9% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker’s stock worth $64,057,000 after acquiring an additional 145,169 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Insight Enterprises by 11.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock worth $73,847,000 after acquiring an additional 94,877 shares in the last quarter.

Analyst Ratings Changes

NSIT has been the topic of a number of recent analyst reports. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research report on Monday, August 10th. Raymond James Financial restated an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.50.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $149.24 on Wednesday. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $157.35. The company has a market cap of $4.38 billion, a P/E ratio of 21.85, a P/E/G ratio of 1.18 and a beta of 1.07. The business’s 50 day moving average is $123.57 and its two-hundred day moving average is $97.48. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business earned $2.45 earnings per share. Insight Enterprises’s revenue for the quarter was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities analysts expect that Insight Enterprises, Inc. will post 10.89 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.