Dimensional Fund Advisors LP Sells 56,659 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• Dimensional Fund Advisors LP has reduced its stake in Insight Enterprises, Inc. by 6.9%, selling 56,659 shares and owning approximately 2.40% of the company valued at $114.7 million.
• Analysts have mixed ratings for Insight Enterprises, with JPMorgan raising the target price from $152.00 to $165.00 and Barrington Research setting a price objective of $164.00.
• Insight Enterprises reported earnings of $2.45 per share in its latest quarter, missing estimates, and set its FY 2025 guidance at $9.70-$10.10 EPS.

Dimensional Fund Advisors LP lowered its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 6.9% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 764,750 shares of the software maker's stock after selling 56,659 shares during the period. Dimensional Fund Advisors LP owned about 2.40% of Insight Enterprises worth $114,706,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Insight Enterprises during the 1st quarter worth $27,000. Bessemer Group Inc. grew its position in Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after acquiring an additional 84 shares during the last quarter. NewEdge Advisors LLC grew its position in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after acquiring an additional 63 shares during the last quarter. Parallel Advisors LLC grew its position in Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after acquiring an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC grew its position in Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock worth $63,000 after acquiring an additional 210 shares during the last quarter.

Insight Enterprises Trading Up 0.7%

Shares of NASDAQ NSIT traded up $0.93 during trading on Thursday, reaching $129.65. The company had a trading volume of 269,956 shares, compared to its average volume of 440,065. The company's fifty day moving average price is $134.84 and its 200-day moving average price is $140.13. Insight Enterprises, Inc. has a 12 month low of $115.68 and a 12 month high of $225.38. The stock has a market cap of $4.08 billion, a P/E ratio of 30.94, a PEG ratio of 1.18 and a beta of 1.21. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Barrington Research restated an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a research report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.