Insight Enterprises, Inc. $NSIT Holdings Decreased by Northern Trust Corp

Key Points

• Northern Trust Corp reduced its holdings in Insight Enterprises, Inc. by 1.6% during the first quarter, now owning 439,454 shares valued at approximately $65.9 million.
• Other investors, including Massachusetts Financial Services and GAMMA Investing LLC, significantly increased their shares in Insight Enterprises, with GAMMA growing its position by over 42,000% during the same period.
• Insight Enterprises reported earnings of $2.45 per share for the last quarter, missing analyst expectations and presenting a quarterly revenue decline of 3.3% year-over-year.

Northern Trust Corp reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 1.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,454 shares of the software maker's stock after selling 7,072 shares during the period. Northern Trust Corp owned approximately 1.38% of Insight Enterprises worth $65,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises in the 1st quarter valued at about $27,000. Bessemer Group Inc. lifted its position in Insight Enterprises by 79.2% during 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 in the last quarter. NewEdge Advisors LLC lifted its position in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after acquiring an additional 63 shares in the last quarter. Parallel Advisors LLC lifted its position in Insight Enterprises by 40.4% during 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 in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in Insight Enterprises by 100.5% during 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 in the last quarter.

Insight Enterprises Stock Up 0.4%

Shares of NASDAQ:NSIT traded up $0.51 during midday trading on Friday, reaching $130.16. The company had a trading volume of 290,878 shares, compared to its average volume of 399,520. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The stock's fifty day moving average price is $134.81 and its 200-day moving average price is $139.87. The stock has a market capitalization of $4.10 billion, a P/E ratio of 31.06, a PEG ratio of 1.19 and a beta of 1.21. Insight Enterprises, Inc. has a one year low of $115.68 and a one year high of $225.38.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm posted $2.46 EPS. The firm'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. Equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on NSIT. Barrington Research reissued an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, July 21st. JPMorgan Chase & Co. boosted their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.