BNP Paribas Financial Markets Acquires 33,880 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• BNP Paribas Financial Markets increased its stake in Insight Enterprises by 21.9% in the fourth quarter, buying 33,880 more shares and bringing its total holdings to 188,444 shares worth about $15.35 million.
• Insight Enterprises also saw additional buying from other institutional investors, while CFO James A. Morgado made a notable insider purchase of 2,290 shares at $87.25 each, boosting his position by 15.31%.
• The company reported strong quarterly results, with EPS of $2.88 beating estimates and revenue of $2.13 billion slightly above forecasts, even as the stock was down 6.5% and analysts currently rate it a consensus Hold.

BNP Paribas Financial Markets lifted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 21.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 188,444 shares of the software maker's stock after purchasing an additional 33,880 shares during the period. BNP Paribas Financial Markets owned about 0.61% of Insight Enterprises worth $15,353,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Insight Enterprises by 39.2% in the 4th quarter. CWM LLC now owns 529 shares of the software maker's stock worth $43,000 after purchasing an additional 149 shares during the period. Torren Management LLC bought a new position in shares of Insight Enterprises in the 4th quarter worth approximately $44,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of Insight Enterprises by 40.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker's stock worth $48,000 after purchasing an additional 170 shares during the period. Hantz Financial Services Inc. lifted its stake in shares of Insight Enterprises by 467.1% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker's stock worth $66,000 after purchasing an additional 668 shares during the period. Finally, Covestor Ltd raised its stake in Insight Enterprises by 32.2% during the 4th quarter. Covestor Ltd now owns 879 shares of the software maker's stock worth $72,000 after acquiring an additional 214 shares during the period.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado bought 2,290 shares of the business's stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the acquisition, the chief financial officer owned 17,246 shares in the company, valued at $1,504,713.50. This trade represents a 15.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.21% of the company's stock.

Insight Enterprises Trading Down 6.5%

Shares of NSIT opened at $111.07 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $148.58. The company has a 50 day simple moving average of $83.12 and a two-hundred day simple moving average of $83.14. The firm has a market cap of $3.35 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. During the same period last year, the firm posted $2.06 EPS. The company's revenue was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities analysts expect that Insight Enterprises, Inc. will post 11.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on NSIT shares. Raymond James Financial upgraded shares of Insight Enterprises from a "market perform" rating to an "outperform" rating and set a $100.00 target price on the stock in a research note on Thursday, May 7th. Wall Street Zen upgraded shares of Insight Enterprises from a "hold" rating to a "buy" rating in a research note on Sunday, May 10th. Needham & Company LLC upgraded shares of Insight Enterprises to an "overweight" rating in a research note on Wednesday, May 27th. Weiss Ratings restated a "sell (d+)" rating on shares of Insight Enterprises in a research note on Thursday, April 2nd. Finally, JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an "underweight" rating to a "neutral" rating and set a $105.00 target price on the stock in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Insight Enterprises currently has a consensus rating of "Hold" and a consensus price target of $100.00.

Insight Enterprises Company 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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