Versor Investments LP Invests $375,000 in Insight Enterprises, Inc. $NSIT

Key Points

• Versor Investments LP has acquired 2,500 shares of Insight Enterprises, Inc. valued at approximately $375,000, as per their recent SEC filing.
• During the first quarter, several institutional investors increased their stakes, with Massachusetts Financial Services Co. raising its position by 48%.
• Insight Enterprises reported a quarterly earnings per share (EPS) of $2.45, which missed analysts' expectations, and set its FY 2025 EPS guidance between 9.700-10.10.

Versor Investments LP bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 2,500 shares of the software maker's stock, valued at approximately $375,000.

Several other large investors also recently made changes to their positions in NSIT. Massachusetts Financial Services Co. MA grew its stake in shares of Insight Enterprises by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after buying an additional 181,104 shares during the period. GAMMA Investing LLC grew its stake in shares of Insight Enterprises by 42,674.8% in the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock valued at $259,840,000 after buying an additional 172,833 shares during the period. Wellington Management Group LLP grew its stake in shares of Insight Enterprises by 65.7% in the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after buying an additional 107,397 shares during the period. Nuveen LLC acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at about $13,891,000. Finally, American Century Companies Inc. grew its stake in shares of Insight Enterprises by 105.2% in the 1st quarter. American Century Companies Inc. now owns 143,751 shares of the software maker's stock valued at $21,561,000 after buying an additional 73,696 shares during the period.

Analyst Upgrades and Downgrades

NSIT has been the subject of several research reports. Barrington Research restated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their target price on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $183.00.

Insight Enterprises Stock Up 4.2%

NSIT stock traded up $5.43 during mid-day trading on Friday, reaching $133.86. 318,720 shares of the company traded hands, compared to its average volume of 407,101. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.23 and a beta of 1.21. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a fifty-two week low of $115.68 and a fifty-two week high of $225.38. The firm's 50 day moving average price is $135.18 and its 200 day moving average price is $141.02.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. Insight Enterprises's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Insight Enterprises Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.