LPL Financial LLC Purchases 3,349 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• LPL Financial LLC increased its stake in Insight Enterprises by 60.5%, raising its holdings to 8,889 shares valued at approximately $1.33 million.
• Insight Enterprises reported a quarterly revenue decline of 3.3% with earnings per share of $2.45, missing expectations by $0.04.
• Analysts maintain a consensus rating of "Moderate Buy" for Insight Enterprises, with an average target price of $183.00.

LPL Financial LLC increased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 60.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,889 shares of the software maker's stock after purchasing an additional 3,349 shares during the quarter. LPL Financial LLC's holdings in Insight Enterprises were worth $1,333,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Insight Enterprises during the first quarter worth approximately $27,000. Bessemer Group Inc. boosted its holdings in shares of Insight Enterprises by 79.2% during the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Insight Enterprises by 40.4% during the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares during the period. Finally, Golden State Wealth Management LLC lifted its stake in Insight Enterprises by 100.5% in the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock valued at $63,000 after acquiring an additional 210 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barrington Research reiterated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted 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 analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $183.00.

Insight Enterprises Stock Up 0.7%

NASDAQ NSIT traded up $0.93 during trading on Thursday, reaching $129.65. The company's stock had a trading volume of 269,956 shares, compared to its average volume of 440,065. 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 stock has a market capitalization of $4.08 billion, a PE ratio of 30.94, a PEG ratio of 1.18 and a beta of 1.21. The business has a 50-day moving average price of $134.84 and a 200-day moving average price of $140.13. Insight Enterprises, Inc. has a 1-year low of $115.68 and a 1-year high of $225.38.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business earned $2.46 EPS. The company'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. On average, research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

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.