T. Rowe Price Investment Management Inc. Has $49.05 Million Stake in 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. trimmed its position in 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 period. T. Rowe Price Investment Management Inc. owned approximately 1.02% of Insight Enterprises worth $49,047,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Insight Enterprises by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after acquiring an additional 2,944 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Insight Enterprises by 48.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after purchasing an additional 181,104 shares during the last quarter. Northern Trust Corp grew its position in shares of Insight Enterprises by 16.5% in the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after purchasing an additional 63,200 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Insight Enterprises by 1.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker's stock worth $55,272,000 after buying an additional 3,866 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after buying an additional 107,397 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. 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. increased their price target on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insight Enterprises Stock Up 4.2%

NSIT stock opened at $133.86 on Friday. The stock's 50 day simple moving average is $135.18 and its 200 day simple moving average is $141.25. Insight Enterprises, Inc. has a fifty-two week low of $115.68 and a fifty-two week high of $225.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. The company has a market cap of $4.21 billion, a P/E ratio of 31.95, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The firm 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 firm's quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company posted $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

About Insight Enterprises

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.

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