Bank of New York Mellon Corp Makes New $21.89 Million Investment in Insight Enterprises, Inc. $NSIT

Bank of New York Mellon Corp acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 179,740 shares of the software maker's stock, valued at approximately $21,892,000. Bank of New York Mellon Corp owned 0.60% of Insight Enterprises as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. lifted its stake in shares of Insight Enterprises by 34.6% in the second quarter. Assenagon Asset Management S.A. now owns 60,746 shares of the software maker's stock valued at $7,399,000 after buying an additional 15,623 shares in the last quarter. Baron Wealth Management LLC acquired a new position in Insight Enterprises during the 2nd quarter valued at about $221,000. Henshaw Capital LLC increased its holdings in Insight Enterprises by 27.2% during the 1st quarter. Henshaw Capital LLC now owns 18,620 shares of the software maker's stock worth $1,248,000 after purchasing an additional 3,981 shares in the last quarter. Glenmede Trust Co. NA raised its stake in shares of Insight Enterprises by 81.2% in the first quarter. Glenmede Trust Co. NA now owns 4,783 shares of the software maker's stock worth $321,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Insight Enterprises by 24.4% in the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker's stock worth $21,176,000 after purchasing an additional 62,060 shares during the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $155.65 on Monday. 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 fifty-two week low of $63.62 and a fifty-two week high of $158.57. The firm has a market cap of $4.57 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.07. The business has a 50 day moving average price of $130.09 and a 200-day moving average price of $101.18.

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 the consensus estimate of $2.93 by $0.93. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The business's revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities research analysts predict that Insight Enterprises, Inc. will post 11.5 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NSIT. JPMorgan Chase & Co. raised their target price on Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Needham & Company LLC raised shares of Insight Enterprises to an "overweight" rating in a report on Wednesday, May 27th. Barrington Research set a $180.00 target price 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, Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research note on Friday, May 8th. One equities research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average 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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