Ensign Peak Advisors Inc Decreases Stock Holdings in Insight Enterprises, Inc. $NSIT

Ensign Peak Advisors Inc reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 36.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 6,293 shares of the software maker’s stock after selling 3,650 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Insight Enterprises were worth $869,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. MTM Investment Management LLC purchased a new stake in Insight Enterprises during the second quarter valued at $55,000. Covestor Ltd increased its holdings in shares of Insight Enterprises by 68.1% in the 1st quarter. Covestor Ltd now owns 580 shares of the software maker’s stock worth $87,000 after buying an additional 235 shares during the last quarter. MQS Management LLC bought a new position in shares of Insight Enterprises in the 2nd quarter valued at about $203,000. Integrated Wealth Concepts LLC purchased a new position in Insight Enterprises in the first quarter worth about $221,000. Finally, Vise Technologies Inc. purchased a new position in Insight Enterprises in the second quarter worth about $229,000.

Insight Enterprises Stock Down 0.2%

Shares of NSIT opened at $86.57 on Friday. The firm has a fifty day moving average price of $101.22 and a 200-day moving average price of $121.74. 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 market capitalization of $2.68 billion, a P/E ratio of 20.66, a P/E/G ratio of 0.95 and a beta of 1.11. Insight Enterprises, Inc. has a 12-month low of $81.59 and a 12-month high of $181.92.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, October 30th. The software maker reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The company had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period last year, the business posted $2.19 earnings per share. The business’s revenue was down 4.0% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. Equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Barrington Research set a $120.00 target price on shares of Insight Enterprises in a research note on Friday, October 31st. Finally, Canaccord Genuity Group initiated coverage on shares of Insight Enterprises in a research note on Wednesday, November 19th. They set a “hold” rating and a $100.00 price target for the company. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Insight Enterprises has an average rating of “Hold” and a consensus target price of $128.33.

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.