Rhumbline Advisers Buys 6,327 Shares of Insight Enterprises, Inc. $NSIT

Rhumbline Advisers increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,137 shares of the software maker’s stock after acquiring an additional 6,327 shares during the quarter. Rhumbline Advisers owned about 0.30% of Insight Enterprises worth $10,449,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Insight Enterprises by 3.0% in the second quarter. Geode Capital Management LLC now owns 674,234 shares of the software maker’s stock worth $93,112,000 after purchasing an additional 19,812 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Insight Enterprises by 8.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 672,517 shares of the software maker’s stock valued at $76,270,000 after acquiring an additional 53,159 shares during the period. Norges Bank purchased a new position in shares of Insight Enterprises in the second quarter valued at about $46,972,000. Nomura Holdings Inc. boosted its stake in shares of Insight Enterprises by 272.6% in the second quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock worth $45,320,000 after acquiring an additional 240,129 shares during the period. Finally, Jane Street Group LLC grew its position in shares of Insight Enterprises by 114.2% during the second quarter. Jane Street Group LLC now owns 285,248 shares of the software maker’s stock worth $39,388,000 after purchasing an additional 152,064 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NSIT shares. Barrington Research reaffirmed an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research note on Friday, February 6th. Canaccord Genuity Group set a $90.00 target price on shares of Insight Enterprises in a research report on Friday, February 6th. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $100.00.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $85.50 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.25. The company has a market capitalization of $2.65 billion, a PE ratio of 17.20, a P/E/G ratio of 0.86 and a beta of 0.93. The company has a 50 day moving average price of $83.62 and a 200-day moving average price of $100.01. Insight Enterprises, Inc. has a fifty-two week low of $77.10 and a fifty-two week high of $168.70.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.Insight Enterprises’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current 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.