Invesco Ltd. Has $23.23 Million Stock Holdings in Insight Enterprises, Inc. $NSIT

Key Points

• Invesco Ltd. reduced its stake in Insight Enterprises, Inc. by 49.8%, now holding 154,852 shares worth approximately $23.23 million.
• Other institutional investors are actively modifying their stakes, including Bessemer Group Inc., which increased its holdings by 79.2%.
• Insight Enterprises reported quarterly earnings of $2.45 per share, slightly missing the consensus estimate, with a 3.3% year-over-year revenue decline.

Invesco Ltd. reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 49.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,852 shares of the software maker's stock after selling 153,692 shares during the period. Invesco Ltd. owned 0.49% of Insight Enterprises worth $23,226,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after acquiring an additional 2,944 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Insight Enterprises by 48.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after purchasing an additional 181,104 shares during the last quarter. Northern Trust Corp lifted its stake in Insight Enterprises by 16.5% during the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after purchasing an additional 63,200 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Insight Enterprises by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker's stock valued at $55,272,000 after purchasing an additional 3,866 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after purchasing an additional 107,397 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently commented on NSIT shares. Barrington Research reissued an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. increased their target price 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Insight Enterprises has an average rating of "Moderate Buy" and an average price target of $183.00.

Insight Enterprises Trading Down 3.6%

Shares of NSIT stock traded down $4.76 during trading hours on Tuesday, reaching $126.69. 542,086 shares of the stock traded hands, compared to its average volume of 419,043. Insight Enterprises, Inc. has a 1-year low of $115.68 and a 1-year high of $225.38. The business has a fifty day moving average price of $135.04 and a 200 day moving average price of $140.47. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $3.99 billion, a PE ratio of 30.24, a PEG ratio of 1.21 and a beta of 1.21.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the firm 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, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.