Anchor Capital Advisors LLC Has $19.53 Million Stock Position in Insight Enterprises, Inc. $NSIT

Anchor Capital Advisors LLC lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 5.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 172,221 shares of the software maker’s stock after selling 9,903 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Insight Enterprises were worth $19,532,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. MTM Investment Management LLC bought a new position in shares of Insight Enterprises in the 2nd quarter valued at $55,000. EverSource Wealth Advisors LLC increased its holdings in Insight Enterprises by 26.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after purchasing an additional 160 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Insight Enterprises in the 3rd quarter worth about $116,000. State of Wyoming acquired a new position in Insight Enterprises in the 2nd quarter worth about $184,000. Finally, MQS Management LLC bought a new position in Insight Enterprises in the second quarter valued at about $203,000.

Insight Enterprises Trading Down 4.7%

NASDAQ NSIT opened at $79.57 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $84.41 and a 200 day simple moving average of $108.32. Insight Enterprises, Inc. has a 12 month low of $77.10 and a 12 month high of $181.92. The firm has a market capitalization of $2.47 billion, a P/E ratio of 18.55, a PEG ratio of 0.40 and a beta of 0.93.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the prior year, the firm earned $2.19 earnings per share. Insight Enterprises’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. On average, analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analysts Set New Price Targets

NSIT has been the topic of several research reports. Weiss Ratings cut Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Barrington Research reiterated an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a research report on Monday, January 5th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Canaccord Genuity Group assumed 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. Finally, Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $103.33.

Insight Enterprises Profile

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.