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

A number of other institutional investors have also recently made changes to their positions in NSIT. Massachusetts Financial Services Co. MA boosted its holdings in shares of Insight Enterprises by 48.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after acquiring an additional 181,104 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Insight Enterprises by 42,674.8% during the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock valued at $259,840,000 after acquiring an additional 172,833 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after acquiring an additional 107,397 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Insight Enterprises by 16.5% during the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after acquiring an additional 63,200 shares during the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of Insight Enterprises during the 4th quarter valued at about $9,545,000.

Insight Enterprises Price Performance

NASDAQ:NSIT traded up $5.43 during trading hours on Friday, hitting $133.86. 318,720 shares of the stock traded hands, compared to its average volume of 407,101. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 1 year low of $115.68 and a 1 year high of $225.38. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. The stock has a 50 day moving average price of $135.18 and a 200 day moving average price of $141.02.

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 the consensus estimate 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 analysts' expectations of $2.15 billion. During the same period in the prior year, the firm earned $2.46 EPS. Insight Enterprises's revenue for the quarter 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. Sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NSIT shares. JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Barrington Research reissued an "outperform" rating and issued a $164.00 price objective 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 given a Hold rating to the company's stock. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of "Moderate Buy" and an average price target 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.