3,529 Shares in Insight Enterprises, Inc. $NSIT Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. acquired a new position in Insight Enterprises, purchasing 3,529 shares valued at approximately $487,000 in the second quarter.
• Analysts have mixed ratings on Insight Enterprises, with a current average rating of "Moderate Buy" and an average target price of $183.00.
• Despite reporting $2.09 billion in revenue for the last quarter, Insight Enterprises missed analysts' expectations, and its revenue was down 3.3% year-over-year.

Envestnet Portfolio Solutions Inc. acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,529 shares of the software maker's stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Bessemer Group Inc. raised its position in Insight Enterprises by 79.2% in the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after acquiring an additional 84 shares in the last quarter. Xponance Inc. raised its position in Insight Enterprises by 4.3% in the first quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock worth $342,000 after acquiring an additional 94 shares in the last quarter. Maryland State Retirement & Pension System raised its position in Insight Enterprises by 1.4% in the second quarter. Maryland State Retirement & Pension System now owns 8,069 shares of the software maker's stock worth $1,114,000 after acquiring an additional 110 shares in the last quarter. Yousif Capital Management LLC raised its position in Insight Enterprises by 1.4% in the second quarter. Yousif Capital Management LLC now owns 10,736 shares of the software maker's stock worth $1,482,000 after acquiring an additional 146 shares in the last quarter. Finally, Evergreen Capital Management LLC raised its position in Insight Enterprises by 8.0% in the first quarter. Evergreen Capital Management LLC now owns 2,102 shares of the software maker's stock worth $315,000 after acquiring an additional 156 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Barrington Research restated an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a report on Monday, September 15th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $183.00.

Insight Enterprises Price Performance

Shares of NSIT opened at $109.35 on Wednesday. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 1.01 and a beta of 1.13. Insight Enterprises, Inc. has a fifty-two week low of $105.78 and a fifty-two week high of $220.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The business's 50-day moving average is $120.23 and its 200-day moving average is $129.81.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The business had revenue of $2.09 billion during 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 in the prior year, the company earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Equities research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

About Insight Enterprises

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.

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