Insight Enterprises, Inc. $NSIT Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC reduced its stake in Insight Enterprises, Inc. by 38.3% during the first quarter, owning 10,913 shares valued at approximately $1.64 million after selling 6,775 shares.
• Despite a 3.3% decline in year-over-year revenue, Insight Enterprises reported adjusted earnings per share of $2.45 for the last quarter, missing expectations by $0.04.
• Wall Street analysts maintain a consensus rating of "Moderate Buy" for Insight Enterprises, with price targets ranging from $164.00 to $183.00 per share.

Hsbc Holdings PLC lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 38.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 10,913 shares of the software maker's stock after selling 6,775 shares during the period. Hsbc Holdings PLC's holdings in Insight Enterprises were worth $1,642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC increased its position 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 during the last quarter. Bessemer Group Inc. increased its position 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 during the last quarter. Xponance Inc. increased its position in shares of Insight Enterprises by 4.3% in the 1st quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock worth $342,000 after purchasing an additional 94 shares during the last quarter. Parallel Advisors LLC increased its position 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 during the last quarter. Finally, Quantinno Capital Management LP grew its position in shares of Insight Enterprises by 4.0% during the 4th quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock valued at $547,000 after buying an additional 138 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded up $0.51 during trading on Monday, reaching $130.16. The company had a trading volume of 290,878 shares, compared to its average volume of 380,810. The firm's fifty day moving average is $134.81 and its 200 day moving average is $139.49. The firm has a market capitalization of $4.10 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 1.20 and a beta of 1.16. Insight Enterprises, Inc. has a twelve month low of $115.68 and a twelve month 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 issued its quarterly 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 return on equity of 18.68% and a net margin of 1.79%.The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the company posted $2.46 earnings per share. The company's 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, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.