First Hawaiian Bank Invests $484,000 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 position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,227 shares of the software maker's stock, valued at approximately $484,000.

Several other hedge funds also recently bought and sold shares of the stock. Fiduciary Management Inc. WI increased its position in Insight Enterprises by 17.1% during the first quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker's stock worth $142,377,000 after buying an additional 138,914 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Insight Enterprises by 48.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock worth $83,748,000 after buying an additional 181,104 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Insight Enterprises by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker's stock worth $55,272,000 after buying an additional 3,866 shares in the last quarter. Wellington Management Group LLP increased its position in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after buying an additional 107,397 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Insight Enterprises by 42,674.8% during the first quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock worth $259,840,000 after buying an additional 172,833 shares in the last quarter.

Wall Street Analyst Weigh In

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

Insight Enterprises Trading Down 0.9%

Insight Enterprises stock traded down $1.07 during midday trading on Friday, reaching $119.07. The stock had a trading volume of 1,831,285 shares, compared to its average volume of 303,117. Insight Enterprises, Inc. has a twelve month low of $115.68 and a twelve month high of $225.38. The stock has a market capitalization of $3.75 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. 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's 50-day simple moving average is $130.22 and its 200 day simple moving average is $136.22.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share 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 firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the business posted $2.46 EPS. Insight Enterprises's revenue was down 3.3% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.