BOCHK Asset Management Ltd Acquires 9,350 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• BOCHK Asset Management acquired 9,350 shares of Insight Enterprises valued at approximately $1.46 million, while several other investment firms also initiated or increased positions.
• Analyst sentiment is mixed: three analysts rate the stock a Buy and four rate it a Hold, producing an overall Hold consensus and an average price target of $147.50.
• Insight Enterprises reported quarterly EPS of $3.86, exceeding expectations of $2.93, while revenue rose 14.7% year over year to $2.40 billion. Shares opened at $166.77, near the upper end of their 52-week range.

BOCHK Asset Management Ltd bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,350 shares of the software maker's stock, valued at approximately $1,462,000.

Other hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in shares of Insight Enterprises in the 2nd quarter worth approximately $32,000. Polaris Financial Partners acquired a new stake in Insight Enterprises during the third quarter valued at approximately $41,000. Reyes Financial Architecture Inc. bought a new stake in Insight Enterprises during the third quarter worth approximately $51,000. Farther Finance Advisors LLC boosted its holdings in Insight Enterprises by 35.2% during the third quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker's stock worth $53,000 after buying an additional 88 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Insight Enterprises by 301.4% during the second quarter. IFP Advisors Inc now owns 566 shares of the software maker's stock worth $69,000 after buying an additional 425 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their target price on Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Wall Street Zen lowered Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. Weiss Ratings raised Insight Enterprises from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 28th. Raymond James Financial restated an "outperform" rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Insight Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $147.50.

Insight Enterprises Stock Performance

Shares of NSIT opened at $166.77 on Tuesday. The company's 50 day moving average price is $161.73 and its 200 day moving average price is $113.63. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $182.12. The company has a market capitalization of $4.89 billion, a PE ratio of 15.02, a PEG ratio of 1.29 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 (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The company's revenue was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Research analysts expect that Insight Enterprises, Inc. will post 11.50 EPS for the current fiscal year.

Insider Activity

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the business's 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.21% of the company's stock.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.

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