Bank of America Corp DE Grows Position in Insight Enterprises, Inc. $NSIT

Key Points

• Bank of America increased its Insight Enterprises stake by 24.4% in the first quarter, bringing its holdings to 316,014 shares valued at approximately $21.2 million. Other institutional investors, including Norges Bank and BNP Paribas Financial Markets, also added or initiated positions.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $147.50. Ratings include one Strong Buy, three Buys, and three Holds.
• Insight Enterprises reported quarterly earnings of $3.86 per share, beating estimates of $2.93, while revenue rose 14.7% year over year to $2.40 billion. Shares opened at $149.24, near their 12-month high of $157.35.

Bank of America Corp DE boosted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 24.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 316,014 shares of the software maker's stock after acquiring an additional 62,060 shares during the period. Bank of America Corp DE owned about 1.05% of Insight Enterprises worth $21,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. WINTON GROUP Ltd bought a new stake in Insight Enterprises during the 4th quarter valued at $4,400,000. BNP Paribas Financial Markets raised its position in shares of Insight Enterprises by 21.9% in the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker's stock worth $15,353,000 after acquiring an additional 33,880 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Insight Enterprises during the 4th quarter worth $1,126,000. Norges Bank purchased a new stake in shares of Insight Enterprises during the 4th quarter worth $36,209,000. Finally, Louisiana State Employees Retirement System bought a new stake in Insight Enterprises during the first quarter valued at about $918,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Needham & Company LLC upgraded shares of Insight Enterprises to an "overweight" rating in a report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 2nd. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Finally, Barrington Research set a $180.00 price target on shares of Insight Enterprises in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $149.24 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $157.35. The company has a 50 day simple moving average of $123.57 and a two-hundred day simple moving average of $97.48. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 21.85, a PEG ratio of 1.18 and a beta of 1.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data 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 for 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%. The business's quarterly revenue was up 14.7% compared to the same quarter last year. 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. As a group, analysts predict that Insight Enterprises, Inc. will post 10.89 earnings per share for the current year.

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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