7,726 Shares in Insight Enterprises, Inc. $NSIT Purchased by Callan Family Office LLC

Key Points

• Callan Family Office LLC purchased 7,726 Insight Enterprises shares worth approximately $941,000 during the second quarter. Several other institutions, including BlackRock, also initiated positions.
• Insight Enterprises reported quarterly EPS of $3.86, beating estimates of $2.93, while revenue rose 14.7% year over year to $2.40 billion.
• The stock opened at $145.29, near its 12-month high of $157.35. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $147.50.

Callan Family Office LLC acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 7,726 shares of the software maker's stock, valued at approximately $941,000.

Several other institutional investors have also recently made changes to their positions in the company. Virtus Advisers LLC acquired a new stake in Insight Enterprises during the second quarter valued at $912,000. Denali Advisors LLC acquired a new position in shares of Insight Enterprises in the second quarter worth about $2,207,000. Meeder Asset Management Inc. acquired a new position in shares of Insight Enterprises in the second quarter worth about $1,109,000. BlackRock Inc. purchased a new stake in shares of Insight Enterprises during the 2nd quarter worth about $587,162,000. Finally, Deutsche Bank AG purchased a new stake in shares of Insight Enterprises during the 2nd quarter worth about $3,727,000.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $145.29 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The company has a 50-day moving average price of $126.46 and a 200 day moving average price of $99.28. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $157.35. The stock has a market cap of $4.26 billion, a P/E ratio of 21.27, a PEG ratio of 1.07 and a beta of 1.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company posted $2.45 EPS. The company's quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 11.5 earnings per share for the current year.

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Raymond James Financial reiterated an "outperform" rating and issued a $175.00 target price on shares of Insight Enterprises in a research report on Thursday, August 6th. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a research note on Monday, August 10th. JPMorgan Chase & Co. upped their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Finally, Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises 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.

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