Charles Schwab Investment Management Inc. Boosts Position in Insight Enterprises, Inc. $NSIT

Key Points

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Charles Schwab Investment Management Inc. grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 368,502 shares of the software maker's stock after buying an additional 3,866 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.15% of Insight Enterprises worth $55,272,000 as of its most recent filing with the SEC.

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

Insight Enterprises Price Performance

NASDAQ:NSIT traded up $0.0050 during mid-day trading on Tuesday, reaching $131.9250. The stock had a trading volume of 105,888 shares, compared to its average volume of 363,290. The firm has a 50 day moving average price of $135.43 and a two-hundred day moving average price of $141.97. The stock has a market capitalization of $4.15 billion, a P/E ratio of 31.44, a P/E/G ratio of 1.20 and a beta of 1.21. 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.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released 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). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business's quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analysts Set New Price Targets

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

Insight Enterprises 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.