Citigroup Inc. Sells 12,414 Shares of Insight Enterprises, Inc. $NSIT

Citigroup Inc. decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 41.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,199 shares of the software maker’s stock after selling 12,414 shares during the quarter. Citigroup Inc. owned about 0.06% of Insight Enterprises worth $1,951,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Insight Enterprises in the 2nd quarter valued at $46,972,000. Nomura Holdings Inc. increased its position in Insight Enterprises by 272.6% during the 2nd 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 during the period. Qube Research & Technologies Ltd increased its position in Insight Enterprises by 321.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after buying an additional 180,860 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Insight Enterprises by 4.6% during the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after buying an additional 179,599 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of Insight Enterprises by 114.2% during the second quarter. Jane Street Group LLC now owns 285,248 shares of the software maker’s stock worth $39,388,000 after buying an additional 152,064 shares in the last quarter.

Insight Enterprises Stock Performance

NSIT opened at $84.99 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.25. Insight Enterprises, Inc. has a 52-week low of $77.10 and a 52-week high of $160.72. The firm has a market cap of $2.63 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 0.87 and a beta of 0.92. The business’s fifty day moving average is $84.50 and its 200-day moving average is $96.68.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate 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 for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NSIT has been the topic of several research reports. JPMorgan Chase & Co. restated an “underweight” rating and issued a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Canaccord Genuity Group set a $90.00 price objective on shares of Insight Enterprises in a research note on Friday, February 6th. Weiss Ratings downgraded shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Barrington Research restated an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a research report on Friday, February 6th. Finally, Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” 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.