Insight Enterprises (NASDAQ:NSIT) General Counsel Karim Adatia Sells 248 Shares

Insight Enterprises, Inc. (NASDAQ:NSIT) General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $154.07 on Wednesday. The firm has a market capitalization of $4.52 billion, a PE ratio of 22.56, a P/E/G ratio of 1.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $159.41. The company’s 50 day simple moving average is $131.98 and its 200 day simple moving average is $102.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the firm earned $2.45 EPS. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities research analysts forecast that Insight Enterprises, Inc. will post 11.5 EPS for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of Insight Enterprises by 684.8% in the first quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock valued at $3,664,000 after purchasing an additional 21,310 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Insight Enterprises by 39.7% during the first quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock valued at $2,264,000 after buying an additional 4,293 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Insight Enterprises during the first quarter valued at $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Insight Enterprises by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock valued at $2,432,000 after buying an additional 714 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Insight Enterprises by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock worth $11,138,000 after acquiring an additional 3,722 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a report on Monday, August 10th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Raymond James Financial restated an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a report on Thursday, August 6th. Finally, Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $147.50.

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.