Nuveen LLC Makes New $13.89 Million Investment in Insight Enterprises, Inc. $NSIT

Key Points

• Nuveen LLC acquired 92,613 shares of Insight Enterprises, valued at approximately $13.89 million, reflecting a growing interest from institutional investors.
• Insight reported earnings of $2.45 EPS, missing estimates of $2.49, as revenue declined by 3.3% year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Insight Enterprises, with an average price target of $183.00.

Nuveen LLC purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 92,613 shares of the software maker's stock, valued at approximately $13,891,000. Nuveen LLC owned about 0.29% of Insight Enterprises as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew 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 valued at $39,000 after buying an additional 63 shares during the last quarter. Bessemer Group Inc. grew 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 valued at $29,000 after buying an additional 84 shares during the last quarter. Xponance Inc. grew its holdings in shares of Insight Enterprises by 4.3% during the first quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock valued at $342,000 after buying an additional 94 shares during the last quarter. Parallel Advisors LLC grew 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 valued at $49,000 after buying an additional 95 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in Insight Enterprises by 4.0% in the fourth quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock worth $547,000 after purchasing an additional 138 shares during the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of several recent research reports. Barrington Research reiterated 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. increased their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Insight Enterprises presently has an average rating of "Moderate Buy" and a consensus price target of $183.00.

Insight Enterprises Price Performance

NSIT traded up $2.03 during trading on Wednesday, hitting $128.72. 497,879 shares of the company traded hands, compared to its average volume of 433,327. The company has a market cap of $4.05 billion, a PE ratio of 30.72, a P/E/G ratio of 1.17 and a beta of 1.21. The stock's 50-day simple moving average is $134.93 and its two-hundred day simple moving average is $140.39. Insight Enterprises, Inc. has a 1 year low of $115.68 and a 1 year high of $225.38. 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 (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). The company had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business's revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, sell-side analysts anticipate 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.