Assenagon Asset Management S.A. bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,621 shares of the software maker’s stock, valued at approximately $1,028,000.
A number of other institutional investors also recently added to or reduced their stakes in NSIT. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Insight Enterprises in the third quarter valued at approximately $48,000. Covestor Ltd lifted its position in shares of Insight Enterprises by 24.3% during the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after buying an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Insight Enterprises by 26.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock valued at $107,000 after buying an additional 160 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Insight Enterprises in the 3rd quarter valued at $116,000. Finally, State of Wyoming grew its position in shares of Insight Enterprises by 9.2% in the 3rd quarter. State of Wyoming now owns 1,456 shares of the software maker’s stock valued at $165,000 after buying an additional 123 shares during the last quarter.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on NSIT. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Canaccord Genuity Group set a $90.00 target price on Insight Enterprises in a research report on Friday, February 6th. Wall Street Zen downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Barrington Research restated an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $100.00.
Insight Enterprises Price Performance
Shares of NSIT opened at $67.01 on Wednesday. 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 fifty-two week low of $63.62 and a fifty-two week high of $152.98. The firm has a 50-day simple moving average of $81.05 and a 200-day simple moving average of $90.20. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.48, a price-to-earnings-growth ratio of 0.66 and a beta of 0.92.
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the business earned $2.66 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.
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.
Further Reading
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