Swiss National Bank Sells 2,200 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• Swiss National Bank reduced its stake in Insight Enterprises by 4.0%, owning 52,300 shares worth approximately $7.84 million at the end of the first quarter.
• Insight Enterprises reported a missed EPS of $2.45 for the last quarter, below analysts' estimates of $2.49, alongside a 3.3% revenue decline year-over-year.
• Analysts have set new price targets for Insight Enterprises, with JPMorgan Chase increasing its target from $152.00 to $165.00, maintaining a "neutral" rating.

Swiss National Bank reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,300 shares of the software maker's stock after selling 2,200 shares during the quarter. Swiss National Bank owned 0.16% of Insight Enterprises worth $7,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in NSIT. Russell Investments Group Ltd. raised its stake in shares of Insight Enterprises by 16.6% in the 4th quarter. Russell Investments Group Ltd. now owns 9,518 shares of the software maker's stock valued at $1,448,000 after buying an additional 1,358 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Insight Enterprises by 4.3% in the 4th quarter. Bank of Montreal Can now owns 4,993 shares of the software maker's stock valued at $759,000 after buying an additional 204 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $532,000. Barclays PLC raised its stake in shares of Insight Enterprises by 8.5% in the 4th quarter. Barclays PLC now owns 61,183 shares of the software maker's stock valued at $9,307,000 after buying an additional 4,781 shares in the last quarter. Finally, Mariner LLC raised its stake in shares of Insight Enterprises by 12.9% in the 4th quarter. Mariner LLC now owns 3,970 shares of the software maker's stock valued at $604,000 after buying an additional 454 shares in the last quarter.

Insight Enterprises Price Performance

Shares of NSIT traded down $0.06 during trading hours on Tuesday, hitting $131.86. The stock had a trading volume of 312,907 shares, compared to its average volume of 364,631. Insight Enterprises, Inc. has a 52 week low of $115.68 and a 52 week high of $225.38. The company's fifty day moving average is $135.43 and its two-hundred day moving average is $141.97. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.20 and a beta of 1.21.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.68% and a net margin of 1.79%.The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company earned $2.46 EPS. The firm'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. On average, analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

NSIT has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Barrington Research reaffirmed an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a report on Monday, July 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $183.00.

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.