Allspring Global Investments Holdings LLC Acquires 15,092 Shares of Insight Enterprises, Inc. $NSIT

Allspring Global Investments Holdings LLC increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 265,601 shares of the software maker’s stock after purchasing an additional 15,092 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Insight Enterprises were worth $17,856,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Country Trust Bank boosted its holdings in shares of Insight Enterprises by 45.6% in the 4th 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 in the last quarter. JPMorgan Chase & Co. increased its holdings in Insight Enterprises by 64.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock valued at $22,336,000 after purchasing an additional 76,992 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Insight Enterprises during the 4th quarter valued at $4,400,000. BNP Paribas Financial Markets raised its position in Insight Enterprises by 21.9% in the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock valued at $15,353,000 after purchasing an additional 33,880 shares during the last quarter. Finally, M&T Bank Corp bought a new position in Insight Enterprises in the 4th quarter valued at $1,126,000.

Insider Transactions at Insight Enterprises

In related news, CFO James A. Morgado bought 2,290 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was bought 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 $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.21% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on NSIT. Canaccord Genuity Group set a $75.00 price objective 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 research note on Tuesday, July 7th. JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target for the company in a report on Wednesday, May 27th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings raised Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. One equities 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Insight Enterprises Stock Performance

NSIT stock opened at $116.14 on Wednesday. The business’s fifty day moving average is $109.19 and its 200-day moving average is $89.87. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. The company has a market cap of $3.51 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.05 and a beta of 1.08. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month 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, topping analysts’ consensus estimates of $2.45 by $0.43. The business had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Equities research analysts forecast that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

About Insight Enterprises

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.