Diversified Management Inc. Buys New Stake in Insight Enterprises, Inc. $NSIT

Key Points

• Diversified Management Inc. acquired 16,703 shares of Insight Enterprises worth approximately $2.6 million, representing about 0.06% of the company. Several other major institutions, including BlackRock and Paradigm Capital, also recently established positions.
• Analyst sentiment is mixed: Insight has a consensus rating of “Hold” with an average price target of $147.50, despite Raymond James maintaining an “outperform” rating with a $175 target.
• Insight reported quarterly EPS of $3.86, beating estimates by $0.93, while revenue rose 14.7% year over year to $2.40 billion. Shares opened at $161.37, near their 52-week high of $168.50.

Diversified Management Inc. bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 16,703 shares of the software maker's stock, valued at approximately $2,611,000. Diversified Management Inc. owned about 0.06% of Insight Enterprises at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Insight Enterprises in the second quarter valued at $587,162,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Insight Enterprises during the second quarter worth about $116,563,000. Bank of America Corp DE purchased a new stake in shares of Insight Enterprises in the 2nd quarter valued at about $36,643,000. Alyeska Investment Group L.P. purchased a new stake in shares of Insight Enterprises in the 2nd quarter valued at about $26,602,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Insight Enterprises in the 2nd quarter valued at about $21,892,000.

Analysts Set New Price Targets

Several research firms have recently weighed in on NSIT. Zacks Research downgraded Insight Enterprises from a "strong-buy" rating to a "hold" rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Wall Street Zen downgraded shares of Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. Finally, Raymond James Financial restated an "outperform" rating and issued a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $147.50.

Insider Activity

In related news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.21% of the stock is owned by insiders.

Insight Enterprises Stock Up 0.8%

NSIT stock opened at $161.37 on Friday. The company has a market cap of $4.74 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.16 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The company's 50-day moving average price is $154.07 and its 200 day moving average price is $116.57. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $168.50.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.93. The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company's quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, research analysts expect that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Insight Enterprises Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations plan, procure, implement and manage information technology. The company offers hardware, software, cloud solutions and related services from technology vendors, serving businesses, government agencies, schools and other institutions.

Its services include cloud and data center solutions, cybersecurity, managed services, digital transformation, modern workplace initiatives, software asset management and IT consulting.

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