Russell Investments Group Ltd. Has $2.41 Million Stock Position in Insight Enterprises, Inc. $NSIT

Key Points

• Russell Investments Group Ltd. increased its stake in Insight Enterprises by 69.0%, acquiring an additional 6,569 shares and holding a total of 16,087 shares worth approximately $2.4 million.
• Insight Enterprises reported earnings of $2.45 per share, missing analyst expectations, and experienced a 3.3% year-over-year decline in revenue.
• Analysts have shown optimism with a consensus rating of "Moderate Buy" and a target price of $183.00, while JPMorgan Chase raised its price objective to $165.00.

Russell Investments Group Ltd. lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 69.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,087 shares of the software maker's stock after acquiring an additional 6,569 shares during the period. Russell Investments Group Ltd. owned approximately 0.05% of Insight Enterprises worth $2,413,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at approximately $27,000. Bessemer Group Inc. raised its position in shares of Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after acquiring an additional 84 shares during the period. NewEdge Advisors LLC raised its position in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after acquiring an additional 63 shares during the period. Parallel Advisors LLC raised its position in shares of Insight Enterprises by 40.4% in the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after acquiring an additional 95 shares during the period. Finally, Golden State Wealth Management LLC raised its position in shares of Insight Enterprises by 100.5% in the 1st 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 period.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Barrington Research reiterated an "outperform" rating and issued a $164.00 price objective 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 issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $183.00.

Insight Enterprises Stock Up 0.4%

NASDAQ NSIT traded up $0.51 during trading on Friday, hitting $130.16. The stock had a trading volume of 290,878 shares, compared to its average volume of 380,810. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. Insight Enterprises, Inc. has a 12 month low of $115.68 and a 12 month high of $225.38. The company has a market capitalization of $4.10 billion, a PE ratio of 31.06, a P/E/G ratio of 1.20 and a beta of 1.16. The company's 50-day moving average price is $134.81 and its two-hundred day moving average price is $139.49.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business's revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current 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.