Principal Financial Group Inc. Acquires 15,655 Shares of Insight Enterprises, Inc. $NSIT

Principal Financial Group Inc. lifted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 151,848 shares of the software maker’s stock after acquiring an additional 15,655 shares during the period. Principal Financial Group Inc. owned approximately 0.48% of Insight Enterprises worth $17,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Insight Enterprises by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 674,234 shares of the software maker’s stock worth $93,112,000 after purchasing an additional 19,812 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Insight Enterprises by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 672,517 shares of the software maker’s stock valued at $76,270,000 after buying an additional 53,159 shares during the last quarter. Norges Bank bought a new stake in Insight Enterprises during the second quarter worth $46,972,000. Nomura Holdings Inc. grew its holdings in Insight Enterprises by 272.6% during the second quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock worth $45,320,000 after buying an additional 240,129 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Insight Enterprises by 114.2% in the 2nd quarter. Jane Street Group LLC now owns 285,248 shares of the software maker’s stock valued at $39,388,000 after buying an additional 152,064 shares during the last quarter.

Insight Enterprises Trading Up 3.5%

NASDAQ:NSIT opened at $92.27 on Tuesday. Insight Enterprises, Inc. has a 12 month low of $77.10 and a 12 month high of $170.19. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. The firm’s 50 day moving average is $83.59 and its 200 day moving average is $102.59. The stock has a market capitalization of $2.86 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 0.42 and a beta of 0.93.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 earnings per share for the quarter, beating the consensus estimate of $2.82 by $0.14. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2.08 billion. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.Insight Enterprises’s revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of recent analyst reports. Barrington Research reissued an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research report on Friday. JPMorgan Chase & Co. reissued an “underweight” rating and set a $90.00 target price (down previously from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Canaccord Genuity Group set a $90.00 target price on Insight Enterprises in a report on Friday. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings cut Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $100.00.

Insight Enterprises Company 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.