First Hawaiian Bank Purchases New Holdings in Insight Enterprises, Inc. $NSIT

Key Points

• First Hawaiian Bank has purchased a new stake in Insight Enterprises, acquiring 3,227 shares valued at approximately $484,000.
• Insight Enterprises has received positive ratings from analysts, including a price target increase from $152.00 to $165.00 by JPMorgan Chase & Co. and a consensus target of $183.00.
• The company's latest earnings report showed a miss in EPS estimates, reporting $2.45 compared to an expected $2.49, with a revenue decline of 3.3% year-over-year.

First Hawaiian Bank purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,227 shares of the software maker's stock, valued at approximately $484,000.

Other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors raised its position in shares of Insight Enterprises by 218.9% during the 4th quarter. Captrust Financial Advisors now owns 3,670 shares of the software maker's stock valued at $558,000 after buying an additional 2,519 shares during the period. Deutsche Bank AG increased its holdings in Insight Enterprises by 54.5% in the 4th quarter. Deutsche Bank AG now owns 25,376 shares of the software maker's stock valued at $3,860,000 after purchasing an additional 8,948 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Insight Enterprises by 128.9% in the 4th quarter. Lazard Asset Management LLC now owns 12,463 shares of the software maker's stock valued at $1,894,000 after purchasing an additional 7,018 shares during the last quarter. Man Group plc increased its holdings in Insight Enterprises by 138.4% in the 4th quarter. Man Group plc now owns 14,906 shares of the software maker's stock valued at $2,267,000 after purchasing an additional 8,654 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Insight Enterprises by 4.0% in the 4th quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock valued at $547,000 after purchasing an additional 138 shares during the last quarter.

Analysts Set New Price Targets

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

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $124.07 on Monday. The company has a 50-day simple moving average of $132.53 and a 200-day simple moving average of $137.12. Insight Enterprises, Inc. has a one year low of $115.68 and a one year high of $225.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 29.61, a PEG ratio of 1.14 and a beta of 1.16.

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

Insight Enterprises Company Profile

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.

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