Capital Research Global Investors Cuts Holdings in Insight Enterprises, Inc. $NSIT

Capital Research Global Investors reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 60.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 280,152 shares of the software maker’s stock after selling 419,398 shares during the quarter. Capital Research Global Investors owned about 0.90% of Insight Enterprises worth $22,824,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. CWM LLC raised its position in shares of Insight Enterprises by 39.2% in the 4th 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 purchased a new position in shares of Insight Enterprises in the 4th quarter worth $44,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Insight Enterprises by 40.3% in the 4th 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. Hantz Financial Services Inc. raised its position in shares of Insight Enterprises by 467.1% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after buying an additional 668 shares during the period. Finally, Covestor Ltd raised its position in shares of Insight Enterprises by 32.2% in the 4th quarter. Covestor Ltd now owns 879 shares of the software maker’s stock worth $72,000 after buying an additional 214 shares during the period.

Insider Activity

In other Insight Enterprises news, CFO James A. Morgado bought 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 transaction, the chief financial officer owned 17,246 shares in the company, valued at $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price on the stock in a research report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research report on Friday, May 8th. Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Thursday, May 7th. Finally, Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $100.00.

Insight Enterprises Trading Down 0.3%

NASDAQ:NSIT opened at $109.80 on Wednesday. The business’s 50-day moving average is $84.80 and its two-hundred day moving average is $83.44. 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 12 month low of $63.62 and a 12 month high of $148.58. The firm has a market capitalization of $3.32 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 0.96 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The company’s revenue for the quarter 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. Research 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.