Northern Trust Corp Lowers Holdings in Insight Enterprises, Inc. $NSIT

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 stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the 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 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NSIT. Massachusetts Financial Services Co. MA boosted its position in shares of Insight Enterprises by 48.0% during 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 in the last quarter. GAMMA Investing LLC boosted its position in shares of Insight Enterprises by 42,674.8% during 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 in the last quarter. Wellington Management Group LLP boosted its position in shares of Insight Enterprises by 65.7% during 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 in the last quarter. Nuveen LLC purchased a new stake in shares of Insight Enterprises during the 1st quarter worth $13,891,000. Finally, American Century Companies Inc. increased its position in shares of Insight Enterprises by 105.2% in the first quarter. American Century Companies Inc. now owns 143,751 shares of the software maker's stock valued at $21,561,000 after buying an additional 73,696 shares in the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded up $0.51 on Friday, hitting $130.16. The company had a trading volume of 290,878 shares, compared to its average volume of 380,810. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 52-week low of $115.68 and a 52-week high of $225.38. The business has a 50 day moving average of $134.81 and a 200 day moving average of $139.49. The company has a market cap of $4.10 billion, a PE ratio of 31.06, a PEG ratio of 1.20 and a beta of 1.16.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 net margin of 1.79% and a return on equity of 18.68%. The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the company earned $2.46 earnings per share. The firm's revenue 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. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NSIT. Barrington Research restated an "outperform" rating and issued a $164.00 price target on shares of Insight Enterprises in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on Insight Enterprises from $152.00 to $165.00 and gave the company 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 assigned a Hold rating to the company's stock. According to MarketBeat.com, 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.