Insight Enterprises, Inc. $NSIT Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems cut its Insight Enterprises stake by 46.4% in the third quarter, selling 12,700 shares and retaining 14,666 shares valued at about $2.29 million.
• Insight reported quarterly EPS of $3.86, beating the $2.93 consensus, while revenue of $2.40 billion also topped estimates and rose 14.7% year over year.
• Analyst sentiment is mixed: the stock has a consensus rating of Hold and an average price target of $147.50, with three Buy and four Hold ratings.

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 46.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,666 shares of the software maker's stock after selling 12,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Insight Enterprises were worth $2,293,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at $587,162,000. Paradigm Capital Management Inc. NY acquired a new stake in Insight Enterprises during the 2nd quarter worth about $116,563,000. Bank of America Corp DE grew its stake in Insight Enterprises by 24.4% during the 1st quarter. Bank of America Corp DE now owns 316,014 shares of the software maker's stock valued at $21,176,000 after purchasing an additional 62,060 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Insight Enterprises by 6.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 265,601 shares of the software maker's stock valued at $17,856,000 after purchasing an additional 15,092 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in Insight Enterprises during the 2nd quarter valued at about $26,602,000.

Insight Enterprises Trading Up 0.3%

Shares of Insight Enterprises stock opened at $167.35 on Wednesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a fifty day moving average price of $162.17 and a 200 day moving average price of $114.05. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $182.12. The stock has a market cap of $4.91 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm's revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities research analysts predict that Insight Enterprises, Inc. will post 11.50 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of research reports. Wall Street Zen lowered Insight Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Weiss Ratings raised Insight Enterprises from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, October 28th. Barrington Research set a $180.00 target price on Insight Enterprises in a report on Monday, August 10th. Raymond James Financial reiterated an "outperform" rating and issued a $175.00 target price on shares of Insight Enterprises in a research report on Thursday, August 6th. Finally, Zacks Research downgraded shares of Insight Enterprises from a "strong-buy" rating to a "hold" rating in a report on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $147.50.

Insider Activity

In other news, General Counsel Karim Adatia sold 248 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is currently owned by company insiders.

Insight Enterprises Profile

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.

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