The Manufacturers Life Insurance Company purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,675 shares of the software maker's stock, valued at approximately $1,666,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Insight Enterprises during the 2nd quarter worth $587,162,000. Paradigm Capital Management Inc. NY purchased a new stake in shares of Insight Enterprises in the 2nd quarter worth $116,563,000. Norges Bank bought a new position in shares of Insight Enterprises during the 4th quarter worth $36,209,000. Morgan Stanley grew its position in shares of Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker's stock worth $218,496,000 after buying an additional 362,258 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Insight Enterprises by 321.0% during the second quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker's stock valued at $32,754,000 after buying an additional 180,860 shares during the period.
Insight Enterprises Trading Up 4.7%
Shares of NASDAQ NSIT opened at $159.15 on Friday. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $159.42. The business has a fifty day moving average price of $133.66 and a 200 day moving average price of $103.06. The stock has a market capitalization of $4.67 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 1.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The firm's quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities research analysts expect that Insight Enterprises, Inc. will post 11.5 EPS for the current fiscal year.
Insider Activity
In other news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.21% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NSIT. JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Needham & Company LLC raised shares of Insight Enterprises to an "overweight" rating in a research report on Wednesday, May 27th. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Insight Enterprises from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $147.50.
View Our Latest Stock Analysis on NSIT
About Insight Enterprises
(
Free Report)
Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight's expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.
At the core of Insight's business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.
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