American Century Companies Inc. Raises Stake in Insight Enterprises, Inc. $NSIT

Key Points

• American Century Companies Inc. has increased its holdings in Insight Enterprises, Inc. by 105.2%, owning a total of 143,751 shares worth approximately $21.6 million.
• Multiple hedge funds have also significantly boosted their stakes in Insight Enterprises, with notable increases including Penobscot Investment Management at 241.8% and WCM Investment Management at 60.9%.
• Insight Enterprises reported earnings of $2.45 per share for the last quarter, missing estimates, while setting a fiscal year 2025 earnings guidance of 9.700-10.10 EPS.

American Century Companies Inc. increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 105.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 143,751 shares of the software maker's stock after purchasing an additional 73,696 shares during the quarter. American Century Companies Inc. owned approximately 0.45% of Insight Enterprises worth $21,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSIT. NewEdge Advisors LLC lifted its stake in shares of Insight Enterprises by 32.8% during 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 in the last quarter. Bessemer Group Inc. lifted its stake in shares of Insight Enterprises by 79.2% during 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 in the last quarter. Xponance Inc. lifted its stake in shares of Insight Enterprises by 4.3% during 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 in the last quarter. Parallel Advisors LLC lifted its stake in shares of Insight Enterprises by 40.4% during 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 in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of Insight Enterprises by 4.0% during 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 in the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded up $0.51 during trading on Friday, reaching $130.16. The company had a trading volume of 290,878 shares, compared to its average volume of 399,520. The company has a fifty day moving average of $134.81 and a two-hundred day moving average of $139.87. The stock has a market capitalization of $4.10 billion, a P/E ratio of 31.06, a price-to-earnings-growth ratio of 1.19 and a beta of 1.21. Insight Enterprises, Inc. has a 12 month low of $115.68 and a 12 month high of $225.38. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued 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 the consensus estimate of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.Insight Enterprises's quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on NSIT shares. Barrington Research restated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price target on shares of 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, Insight Enterprises currently has an average rating of "Moderate Buy" and a consensus price target of $183.00.

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.