T. Rowe Price Investment Management Inc. Sells 292,701 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in Insight Enterprises by 47.2%, holding 326,999 shares valued at approximately $49.05 million as of the end of the previous quarter.
• Insight Enterprises' most recent earnings report revealed a miss on analysts' expectations, with earnings per share at $2.45 and revenue of $2.09 billion, down 3.3% compared to the same period last year.
• Analysts have mixed opinions on the stock, with a consensus rating of "Moderate Buy" and a target price of $183.00, while Barrington Research set a price target of $164.00.

T. Rowe Price Investment Management Inc. lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 47.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 326,999 shares of the software maker's stock after selling 292,701 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.02% of Insight Enterprises worth $49,047,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Versor Investments LP bought a new position in shares of Insight Enterprises in the first quarter worth $375,000. American Century Companies Inc. raised its holdings in Insight Enterprises by 105.2% during 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. Russell Investments Group Ltd. grew its holdings in Insight Enterprises by 69.0% in the 1st quarter. Russell Investments Group Ltd. now owns 16,087 shares of the software maker's stock valued at $2,413,000 after buying an additional 6,569 shares during the last quarter. Public Sector Pension Investment Board raised its holdings in Insight Enterprises by 27.3% in the 1st quarter. Public Sector Pension Investment Board now owns 86,668 shares of the software maker's stock valued at $12,999,000 after acquiring an additional 18,584 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at $13,891,000.

Insight Enterprises Stock Up 0.4%

NSIT traded up $0.55 during trading on Thursday, hitting $129.27. 78,897 shares of the company's stock were exchanged, compared to its average volume of 363,199. 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 business's 50 day moving average is $134.93 and its two-hundred day moving average is $140.39. Insight Enterprises, Inc. has a fifty-two week low of $115.68 and a fifty-two week high of $225.38. The stock has a market cap of $4.07 billion, a P/E ratio of 30.84, a PEG ratio of 1.17 and a beta of 1.21.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the business posted $2.46 earnings per share. The business'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 expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on NSIT shares. Barrington Research reaffirmed an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Two equities research 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.com, Insight Enterprises presently has an average rating of "Moderate Buy" and a consensus target price of $183.00.

Insight Enterprises Company 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.