Insight Enterprises, Inc. $NSIT Shares Sold by Capital International Investors

Capital International Investors cut its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 51.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 162,924 shares of the software maker’s stock after selling 169,463 shares during the quarter. Capital International Investors owned about 0.53% of Insight Enterprises worth $13,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of NSIT. CWM LLC boosted its position in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after buying an additional 149 shares during the period. Torren Management LLC acquired a new position in Insight Enterprises in the fourth quarter worth about $44,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Insight Enterprises by 40.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock valued at $48,000 after buying an additional 170 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in Insight Enterprises by 467.1% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after buying an additional 668 shares during the last quarter. Finally, Covestor Ltd raised its stake in Insight Enterprises by 32.2% during the fourth quarter. Covestor Ltd now owns 879 shares of the software maker’s stock valued at $72,000 after buying an additional 214 shares in the last quarter.

Insiders Place Their Bets

In related news, CFO James A. Morgado purchased 2,290 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the purchase, the chief financial officer owned 17,246 shares of the company’s stock, valued at $1,504,713.50. The trade was a 15.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.21% of the company’s stock.

Analyst Ratings Changes

NSIT has been the topic of several research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Insight Enterprises in a research report on Thursday, April 2nd. JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective on the stock in a research note on Wednesday, May 27th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Thursday, May 7th. Finally, Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Insight Enterprises has an average rating of “Hold” and an average target price of $100.00.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $109.80 on Wednesday. The business’s 50-day moving average price is $84.80 and its 200 day moving average price is $83.44. The firm has a market cap of $3.32 billion, a P/E ratio of 19.20, a PEG ratio of 0.96 and a beta of 1.10. Insight Enterprises, Inc. has a 52-week low of $63.62 and a 52-week high of $148.58. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, sell-side analysts predict that Insight Enterprises, Inc. will post 11.43 earnings per share for the current fiscal year.

Insight Enterprises Company 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.