Insight Enterprises, Inc. $NSIT Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,091,041 shares of the software maker’s stock after buying an additional 179,599 shares during the quarter. Vanguard Group Inc. owned about 13.21% of Insight Enterprises worth $463,965,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NSIT. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Insight Enterprises during the third quarter worth about $48,000. MTM Investment Management LLC purchased a new stake in shares of Insight Enterprises in the 2nd quarter valued at $55,000. Covestor Ltd increased its stake in shares of Insight Enterprises by 24.3% in the third quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after acquiring an additional 130 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Insight Enterprises by 26.0% in the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after acquiring an additional 160 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Insight Enterprises during the third quarter valued at $116,000.

Insight Enterprises Stock Down 1.3%

Shares of NSIT opened at $81.93 on Thursday. Insight Enterprises, Inc. has a one year low of $77.10 and a one year high of $160.72. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 0.85 and a beta of 0.93. The stock has a 50 day moving average price of $83.79 and a 200 day moving average price of $99.11. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.25.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.66 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 9.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NSIT shares. Weiss Ratings downgraded Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Canaccord Genuity Group set a $90.00 target price on shares of Insight Enterprises in a report on Friday, February 6th. Finally, Barrington Research reiterated an “outperform” rating and issued a $120.00 target price on shares of Insight Enterprises in a research note on Friday, February 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” 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.