Truvestments Capital LLC Trims Position in Insight Enterprises, Inc. $NSIT

Key Points

• Truvestments Capital LLC reduced its stake in Insight Enterprises, Inc. by 58.5%, holding 1,823 shares valued at $273,000 as per its latest 13F filing.
• Bessemer Group Inc. and Penobscot Investment Management Company Inc. significantly increased their positions in Insight Enterprises, reflecting a trend among institutional investors during the first quarter.
• Insight Enterprises reported earnings per share (EPS) of $2.45, missing estimates, while revenue decreased by 3.3% year-over-year, with a future EPS guidance set between $9.70 and $10.10.

Truvestments Capital LLC decreased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 58.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,823 shares of the software maker's stock after selling 2,573 shares during the quarter. Truvestments Capital LLC's holdings in Insight Enterprises were worth $273,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. grew its stake in shares of Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Insight Enterprises in the 1st quarter valued at $952,000. WCM Investment Management LLC grew its stake in Insight Enterprises by 60.9% in the 1st quarter. WCM Investment Management LLC now owns 114,047 shares of the software maker's stock valued at $17,406,000 after acquiring an additional 43,186 shares during the period. TT International Asset Management LTD acquired a new stake in Insight Enterprises in the 1st quarter valued at $3,705,000. Finally, Penobscot Investment Management Company Inc. grew its stake in Insight Enterprises by 241.8% in the 1st quarter. Penobscot Investment Management Company Inc. now owns 13,127 shares of the software maker's stock valued at $1,969,000 after acquiring an additional 9,287 shares during the period.

Insight Enterprises Price Performance

NSIT traded up $0.51 on Monday, hitting $130.16. 290,878 shares of the company's stock were exchanged, compared to its average volume of 380,810. 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 current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $134.81 and a 200-day moving average price of $139.49. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 31.06, a P/E/G ratio of 1.20 and a beta of 1.16.

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

Analyst Ratings Changes

NSIT has been the topic of a number of research analyst reports. Barrington Research reissued an "outperform" rating and issued a $164.00 price target on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on shares of 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 issued a Hold rating to the company. Based on data from MarketBeat, Insight Enterprises has an average rating of "Moderate Buy" and an average 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.