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

Several other institutional investors have also added to or reduced their stakes in NSIT. NewEdge Advisors LLC grew its position in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after buying an additional 63 shares during the last quarter. Bessemer Group Inc. grew its position in shares of Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after buying an additional 84 shares during the last quarter. Xponance Inc. grew its position in shares of Insight Enterprises by 4.3% in the 1st quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock valued at $342,000 after buying an additional 94 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Insight Enterprises by 40.4% in the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after buying an additional 95 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Insight Enterprises by 4.0% in the 4th quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock valued at $547,000 after buying an additional 138 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NSIT shares. JPMorgan Chase & Co. upped their price target on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Barrington Research restated an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Insight Enterprises Stock Down 3.6%

NASDAQ:NSIT traded down $4.76 on Tuesday, hitting $126.69. The stock had a trading volume of 542,086 shares, compared to its average volume of 419,043. The company has a market cap of $3.99 billion, a PE ratio of 30.24, a P/E/G ratio of 1.21 and a beta of 1.21. The business's fifty day moving average is $135.04 and its 200 day moving average is $140.47. Insight Enterprises, Inc. has a 52 week low of $115.68 and a 52 week high of $225.38. 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 (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The company's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities research analysts expect 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.