Argent Capital Management LLC Acquires 7,304 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• Argent Capital Management acquired 7,304 shares of Insight Enterprises worth approximately $1.14 million, joining several other institutional investors that recently established or increased positions.
• Analysts maintain a generally positive outlook, with Insight Enterprises receiving a consensus “Moderate Buy” rating and an average price target of $147.50.
• Insight Enterprises exceeded quarterly expectations, reporting $3.86 in earnings per share versus a $2.93 estimate and $2.40 billion in revenue, up 14.7% year over year. The stock recently traded at $159.69, near its 12-month high.

Argent Capital Management LLC acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,304 shares of the software maker's stock, valued at approximately $1,142,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $32,000. Polaris Financial Partners purchased a new position in shares of Insight Enterprises in the third quarter worth approximately $41,000. IFP Advisors Inc grew its position in Insight Enterprises by 301.4% during the second quarter. IFP Advisors Inc now owns 566 shares of the software maker's stock valued at $69,000 after buying an additional 425 shares during the period. Caitong International Asset Management Co. Ltd grew its position in Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker's stock valued at $47,000 after buying an additional 368 shares during the period. Finally, Nykredit A S purchased a new stake in Insight Enterprises during the second quarter valued at approximately $190,000.

Analyst Ratings Changes

Several research analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. lifted their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Wall Street Zen downgraded Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a report on Monday, August 10th. Zacks Research upgraded shares of Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Finally, Weiss Ratings raised shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Insight Enterprises currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises Price Performance

NSIT traded down $0.96 during trading on Monday, reaching $159.69. 88,076 shares of the company traded hands, compared to its average volume of 442,555. The company has a market cap of $4.69 billion, a P/E ratio of 23.38, a PEG ratio of 1.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $168.50. The firm has a fifty day simple moving average of $151.32 and a 200 day simple moving average of $114.16.

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

Insider Buying and Selling at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.21% of the stock is currently owned by insiders.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations plan, procure, implement and manage information technology. The company offers hardware, software, cloud solutions and related services from technology vendors, serving businesses, government agencies, schools and other institutions.

Its services include cloud and data center solutions, cybersecurity, managed services, digital transformation, modern workplace initiatives, software asset management and IT consulting.

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