Nomura Holdings Inc. Has $13.21 Million Stake in Insight Enterprises, Inc. $NSIT

Key Points

• Nomura Holdings Inc. increased its stake in Insight Enterprises, Inc. by 166.8% in the first quarter, now holding approximately $13.21 million worth of shares.
• Several other institutional investors also boosted their stakes in Insight Enterprises during the same period, demonstrating growing interest in the company.
• Despite missing earnings estimates in its latest report, Insight Enterprises has a consensus rating of "Moderate Buy" from analysts with an average price target of $183.00.

Nomura Holdings Inc. increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 166.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 88,076 shares of the software maker's stock after purchasing an additional 55,070 shares during the period. Nomura Holdings Inc. owned about 0.28% of Insight Enterprises worth $13,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSIT. Massachusetts Financial Services Co. MA boosted its stake in Insight Enterprises by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock worth $83,748,000 after purchasing an additional 181,104 shares during the period. GAMMA Investing LLC boosted its stake in Insight Enterprises by 42,674.8% in the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock worth $259,840,000 after purchasing an additional 172,833 shares during the period. Fiduciary Management Inc. WI boosted its stake in Insight Enterprises by 17.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker's stock worth $142,377,000 after purchasing an additional 138,914 shares during the period. Wellington Management Group LLP boosted its stake in Insight Enterprises by 65.7% in the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after purchasing an additional 107,397 shares during the period. Finally, Nuveen LLC acquired a new position in Insight Enterprises in the 1st quarter worth approximately $13,891,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on NSIT shares. JPMorgan Chase & Co. raised their price objective on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Barrington Research reiterated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research report on Monday, July 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Insight Enterprises currently has a consensus rating of "Moderate Buy" and an average price target of $183.00.

Insight Enterprises Stock Up 0.4%

NSIT stock opened at $130.16 on Monday. Insight Enterprises, Inc. has a 12-month low of $115.68 and a 12-month high of $225.38. 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 company has a market cap of $4.10 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.20 and a beta of 1.16. The company has a 50 day moving average of $134.81 and a two-hundred day moving average of $139.49.

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 for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share 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.

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