Amundi Has $1.55 Million Stock Position in Insight Enterprises, Inc. $NSIT

Key Points

• Amundi has reduced its stake in Insight Enterprises, Inc. by 20.3%, selling 2,880 shares and now holding 11,296 shares valued at approximately $1,547,000.
• Massachusetts Financial Services Co. and GAMMA Investing LLC significantly increased their stakes in Insight Enterprises, with increases of 48.0% and 42,674.8%, respectively, during the same period.
• Insight Enterprises missed quarterly earnings expectations, reporting $2.45 EPS, lower than the expected $2.49 EPS, with revenue dropping by 3.3% year-over-year.

Amundi lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 20.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,296 shares of the software maker's stock after selling 2,880 shares during the period. Amundi's holdings in Insight Enterprises were worth $1,547,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Insight Enterprises in the 1st quarter valued at approximately $27,000. Bessemer Group Inc. raised 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 worth $29,000 after purchasing an additional 84 shares in the last quarter. Parallel Advisors LLC raised 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 worth $49,000 after purchasing an additional 95 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock worth $63,000 after purchasing an additional 210 shares in the last quarter. Finally, Covestor Ltd raised its stake in shares of Insight Enterprises by 68.1% during the 1st quarter. Covestor Ltd now owns 580 shares of the software maker's stock worth $87,000 after purchasing an additional 235 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Barrington Research reiterated an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a research note on Monday. JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $152.00 to $165.00 and gave the stock 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insight Enterprises Stock Performance

NASDAQ NSIT traded up $0.72 on Thursday, reaching $120.14. The stock had a trading volume of 316,619 shares, compared to its average volume of 304,878. 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 firm has a fifty day moving average of $130.64 and a two-hundred day moving average of $136.46. Insight Enterprises, Inc. has a 1-year low of $115.68 and a 1-year high of $225.38. The company has a market cap of $3.78 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.16.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 firm 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%. The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises Company 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.