Assetmark Inc. Grows Holdings in Insight Enterprises, Inc. $NSIT

Assetmark Inc. grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 64.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,669 shares of the software maker’s stock after purchasing an additional 7,302 shares during the quarter. Assetmark Inc. owned approximately 0.06% of Insight Enterprises worth $1,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morgan Stanley raised its position in shares of Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after buying an additional 362,258 shares in the last quarter. State Street Corp lifted its stake in Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after acquiring an additional 36,566 shares during the period. Dimensional Fund Advisors LP raised its stake in Insight Enterprises by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock worth $73,847,000 after buying an additional 94,877 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its stake in shares of Insight Enterprises by 35.9% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock valued at $66,053,000 after purchasing an additional 214,064 shares during the period. Finally, Geode Capital Management LLC lifted its position in Insight Enterprises by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock valued at $60,457,000 after buying an additional 8,919 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NSIT. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Thursday, May 7th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

Insider Buying and Selling

In related news, CFO James A. Morgado bought 2,290 shares of the business’s stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $87.25 per share, with a total value of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.21% of the company’s stock.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $117.65 on Friday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average of $110.90 and a 200 day moving average of $90.54. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The business’s quarterly revenue was up 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, sell-side analysts predict that Insight Enterprises, Inc. will post 10.89 earnings per share for the current fiscal year.

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.