Fifth Third Bancorp Has $1.04 Million Position in Insight Enterprises, Inc. $NSIT

Fifth Third Bancorp raised its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 8,542.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,470 shares of the software maker’s stock after buying an additional 15,291 shares during the period. Fifth Third Bancorp’s holdings in Insight Enterprises were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Insight Enterprises by 31.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock valued at $21,033,000 after buying an additional 59,987 shares during the last quarter. Country Trust Bank lifted its position in Insight Enterprises by 45.6% during the fourth quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock worth $22,761,000 after acquiring an additional 87,538 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Insight Enterprises during the fourth quarter worth approximately $4,400,000. BNP Paribas Financial Markets boosted its holdings in shares of Insight Enterprises by 21.9% during the fourth quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock worth $15,353,000 after acquiring an additional 33,880 shares during the period. Finally, Norges Bank bought a new stake in shares of Insight Enterprises during the fourth quarter worth approximately $36,209,000.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $87.25 per share, with a total value of $199,802.50. Following the acquisition, 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 legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.21% of the company’s stock.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $117.65 on Friday. The company’s 50 day simple moving average is $110.90 and its 200 day simple moving average is $90.54. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 1.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $148.58.

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 the consensus estimate of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the business earned $2.06 earnings per share. The company’s revenue was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, research analysts predict that Insight Enterprises, Inc. will post 10.89 EPS for the current fiscal year.

Analysts Set New Price Targets

NSIT has been the topic of a number of recent research reports. Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $100.00.

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.