Jane Street Group LLC Sells 59,017 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• Jane Street Group LLC has reduced its stake in Insight Enterprises, Inc. by 30.7%, owning 133,184 shares valued at approximately $19.98 million after selling 59,017 shares in Q1.
• Insight Enterprises reported Q2 earnings of $2.45 per share, which missed the analysts' expectations of $2.49, with revenue decreasing by 3.3% year-over-year to $2.09 billion.
• Despite these challenges, Insight Enterprises has received positive ratings from analysts, with a consensus target price of $183.00 and multiple firms maintaining a "Buy" or "Outperform" rating.

Jane Street Group LLC trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 30.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 133,184 shares of the software maker's stock after selling 59,017 shares during the quarter. Jane Street Group LLC owned 0.42% of Insight Enterprises worth $19,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises during the 1st quarter valued at $27,000. Bessemer Group Inc. increased its stake in 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 acquiring an additional 84 shares during the last quarter. Parallel Advisors LLC increased its stake in 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 acquiring an additional 95 shares during the last quarter. Golden State Wealth Management LLC increased its stake in Insight Enterprises by 100.5% in the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock worth $63,000 after acquiring an additional 210 shares during the last quarter. Finally, Covestor Ltd increased its stake in Insight Enterprises by 68.1% in the 1st quarter. Covestor Ltd now owns 580 shares of the software maker's stock worth $87,000 after acquiring an additional 235 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have weighed in on NSIT shares. Barrington Research restated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Monday. JPMorgan Chase & Co. upped their target price on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insight Enterprises Trading Up 0.6%

NASDAQ NSIT traded up $0.72 on Thursday, hitting $120.14. The company's stock had a trading volume of 316,619 shares, compared to its average volume of 304,878. Insight Enterprises, Inc. has a 52-week low of $115.68 and a 52-week high of $225.38. 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 simple moving average is $130.64 and its 200 day simple moving average is $136.46. The firm has a market cap of $3.78 billion, a P/E ratio of 28.67, a PEG ratio of 1.10 and a beta of 1.16.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company posted $2.46 EPS. The firm'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. Research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal 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.