SG Americas Securities LLC Has $1.54 Million Position in Insight Enterprises, Inc. $NSIT

SG Americas Securities LLC increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 264.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,904 shares of the software maker’s stock after acquiring an additional 13,718 shares during the period. SG Americas Securities LLC owned about 0.06% of Insight Enterprises worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NSIT. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Insight Enterprises during the third quarter worth $48,000. Covestor Ltd increased its stake in shares of Insight Enterprises by 24.3% in the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock valued at $75,000 after purchasing an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Insight Enterprises by 26.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after buying an additional 160 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Insight Enterprises during the 3rd quarter worth $116,000. Finally, State of Wyoming bought a new stake in shares of Insight Enterprises during the 2nd quarter worth $184,000.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $68.90 on Tuesday. The business’s 50-day moving average price is $79.86 and its 200-day moving average price is $88.70. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $148.58. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 13.86, a PEG ratio of 0.68 and a beta of 0.96. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.82 by $0.14. The company 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%.The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NSIT. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday. Canaccord Genuity Group set a $90.00 price target on shares of Insight Enterprises in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday. Barrington Research reiterated an “outperform” rating and set a $120.00 price objective on shares of Insight Enterprises in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $100.00.

Insight Enterprises 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.