Jane Street Group LLC Decreases Position in Insight Enterprises, Inc. $NSIT

Key Points

• Jane Street Group LLC decreased its stake in Insight Enterprises, Inc. by 30.7%, selling 59,017 shares during the first quarter and now owns 0.42% of the company.
• Insight Enterprises' stock has a current market cap of $4.10 billion, with a P/E ratio of 31.06 and earnings per share of $2.45, missing analyst expectations for the quarter.
• Several hedge funds have increased their positions in Insight Enterprises, including an impressive 105.2% stake increase by American Century Companies Inc.

Jane Street Group LLC decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 30.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 133,184 shares of the software maker's stock after selling 59,017 shares during the period. Jane Street Group LLC owned 0.42% of Insight Enterprises worth $19,976,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NSIT. Opal Wealth Advisors LLC bought a new position in shares of Insight Enterprises in the first quarter worth about $27,000. Bessemer Group Inc. boosted its stake in shares of Insight Enterprises by 79.2% in the first 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 period. NewEdge Advisors LLC boosted its stake in shares of Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after acquiring an additional 63 shares during the period. Parallel Advisors LLC boosted its stake in shares of Insight Enterprises by 40.4% in the first 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 period. Finally, Golden State Wealth Management LLC boosted its stake in shares of Insight Enterprises by 100.5% in the first 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 period.

Insight Enterprises Price Performance

Insight Enterprises stock traded up $0.93 during midday trading on Thursday, reaching $126.46. 208,852 shares of the stock traded hands, compared to its average volume of 346,642. The stock's fifty day moving average is $134.21 and its 200-day moving average is $138.80. Insight Enterprises, Inc. has a 12 month low of $115.68 and a 12 month high of $225.38. The stock has a market cap of $3.98 billion, a P/E ratio of 30.18, a PEG ratio of 1.15 and a beta of 1.16. 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 (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 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 the consensus estimate of $2.15 billion. During the same period in the previous year, the company posted $2.46 earnings per share. Insight Enterprises's quarterly 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. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

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