Cetera Investment Advisers Makes New $261,000 Investment in Insight Enterprises, Inc. $NSIT

Cetera Investment Advisers acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,743 shares of the software maker’s stock, valued at approximately $261,000.

A number of other institutional investors have also added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC bought a new position in Insight Enterprises in the first quarter worth $27,000. Bessemer Group Inc. grew its stake in shares of Insight Enterprises by 79.2% in the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock worth $29,000 after acquiring an additional 84 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock worth $39,000 after acquiring an additional 63 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker’s stock worth $49,000 after acquiring an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its stake in shares of Insight Enterprises by 100.5% in the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock worth $63,000 after acquiring an additional 210 shares during the last quarter.

Insight Enterprises Stock Down 1.8%

NSIT opened at $129.52 on Thursday. Insight Enterprises, Inc. has a twelve month low of $115.68 and a twelve month high of $225.38. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.21 and a beta of 1.21. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average price of $135.24 and a 200-day moving average price of $141.81.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the business posted $2.46 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Barrington Research reissued an “outperform” rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Monday, July 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $183.00.

Insight Enterprises Profile

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.