Assetmark Inc. Raises Holdings in Insight Enterprises, Inc. $NSIT

Assetmark Inc. boosted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 64.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,669 shares of the software maker’s stock after acquiring an additional 7,302 shares during the quarter. Assetmark Inc.’s holdings in Insight Enterprises were worth $1,251,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. CWM LLC raised 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 valued at $43,000 after buying an additional 149 shares during the last quarter. Torren Management LLC acquired a new position in shares of Insight Enterprises during the fourth quarter worth about $44,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after purchasing an additional 368 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of 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 worth $48,000 after buying an additional 170 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of 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 in the last quarter.

Insider Buying and Selling

In other news, CFO James A. Morgado acquired 2,290 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the transaction, the chief financial officer owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on NSIT. Wall Street Zen upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Thursday, May 7th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Trading Up 1.7%

NASDAQ:NSIT opened at $117.65 on Friday. The company’s 50 day moving average is $110.90 and its 200-day moving average is $90.54. 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, Inc. has a 12 month low of $63.62 and a 12 month high of $148.58. The firm has a market cap of $3.55 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.06 and a beta of 1.08.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Equities analysts anticipate that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

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.