Canada Pension Plan Investment Board purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,800 shares of the software maker's stock, valued at approximately $1,072,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Insight Enterprises in the second quarter valued at approximately $587,162,000. Paradigm Capital Management Inc. NY bought a new position in Insight Enterprises during the second quarter worth $116,563,000. WINTON GROUP Ltd acquired a new position in Insight Enterprises during the 4th quarter valued at $4,400,000. Callan Family Office LLC acquired a new position in Insight Enterprises during the 2nd quarter valued at $941,000. Finally, Denali Advisors LLC bought a new stake in Insight Enterprises in the 2nd quarter valued at $2,207,000.
Insight Enterprises Trading Up 0.9%
Shares of NSIT stock opened at $157.02 on Tuesday. The firm has a fifty day moving average of $131.11 and a 200-day moving average of $101.62. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.13 and a beta of 1.07. Insight Enterprises, Inc. has a 52-week low of $63.62 and a 52-week high of $159.41. 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 posted its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently issued reports on NSIT. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Barrington Research set a $180.00 price target on Insight Enterprises in a research note on Monday, August 10th. Needham & Company LLC raised Insight Enterprises to an "overweight" rating in a report on Wednesday, May 27th. Finally, Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research report 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $147.50.
Check Out Our Latest Stock Analysis on NSIT
Insight Enterprises Company Profile
(
Free Report)
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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