Walleye Capital LLC Invests $1.41 Million in Insight Enterprises, Inc. $NSIT

Walleye Capital LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 21,104 shares of the software maker’s stock, valued at approximately $1,414,000.

Several other hedge funds have also recently bought and sold shares of the business. Morgan Stanley grew its stake in Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after buying an additional 362,258 shares during the period. State Street Corp increased its position in shares of Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after acquiring an additional 36,566 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Insight Enterprises by 11.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after acquiring an additional 94,877 shares during the period. Paradigm Capital Management Inc. NY raised its stake in shares of Insight Enterprises by 35.9% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock valued at $66,053,000 after acquiring an additional 214,064 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Insight Enterprises by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock valued at $60,457,000 after acquiring an additional 8,919 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Thursday, May 7th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research note on Friday, May 8th. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

Insiders Place Their Bets

In other Insight Enterprises news, CFO James A. Morgado bought 2,290 shares of the 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 completion of the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.21% of the stock is currently owned by insiders.

Insight Enterprises Trading Down 1.9%

NASDAQ NSIT opened at $115.66 on Friday. The stock has a market cap of $3.49 billion, a P/E ratio of 20.22, a PEG ratio of 1.08 and a beta of 1.08. The company’s fifty day simple moving average is $110.33 and its 200-day simple moving average is $90.35. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.12 billion. During the same period last year, the business earned $2.06 EPS. The business’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. Equities research analysts predict that Insight Enterprises, Inc. will post 10.89 EPS 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.