Insight Enterprises, Inc. $NSIT Shares Bought by Fiduciary Management Inc. WI

Key Points

• Fiduciary Management Inc. increased its stake in Insight Enterprises by 17.1%, owning approximately 2.97% of the company, valued at $142.4 million after acquiring an additional 138,914 shares.
• Insight Enterprises reported Q2 earnings of $2.45 per share, missing estimates by $0.04, and a revenue of $2.09 billion, which was also below expectations.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Insight Enterprises, with an average price target of $183.00.

Fiduciary Management Inc. WI raised its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 949,243 shares of the software maker's stock after buying an additional 138,914 shares during the quarter. Fiduciary Management Inc. WI owned 2.97% of Insight Enterprises worth $142,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Versor Investments LP purchased a new stake in shares of Insight Enterprises during the 1st quarter valued at approximately $375,000. American Century Companies Inc. lifted its holdings in Insight Enterprises by 105.2% in the 1st quarter. American Century Companies Inc. now owns 143,751 shares of the software maker's stock worth $21,561,000 after buying an additional 73,696 shares during the period. Russell Investments Group Ltd. grew its holdings in Insight Enterprises by 69.0% in the first quarter. Russell Investments Group Ltd. now owns 16,087 shares of the software maker's stock worth $2,413,000 after purchasing an additional 6,569 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Insight Enterprises by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 86,668 shares of the software maker's stock valued at $12,999,000 after buying an additional 18,584 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Insight Enterprises during the 1st quarter valued at $13,891,000.

Insight Enterprises Price Performance

NSIT stock traded up $2.09 during mid-day trading on Wednesday, reaching $128.78. The company's stock had a trading volume of 197,693 shares, compared to its average volume of 363,033. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. The company's 50 day moving average is $135.04 and its two-hundred day moving average is $140.47. The stock has a market cap of $4.05 billion, a PE ratio of 30.70, a P/E/G ratio of 1.21 and a beta of 1.21. Insight Enterprises, Inc. has a fifty-two week low of $115.68 and a fifty-two week high of $225.38.

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

Wall Street Analysts Forecast Growth

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

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.