Capital Research Global Investors Cuts Stock Position in Insight Enterprises, Inc. $NSIT

Capital Research Global Investors decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 699,550 shares of the software maker’s stock after selling 88,413 shares during the quarter. Capital Research Global Investors owned about 2.26% of Insight Enterprises worth $79,336,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NSIT. MTM Investment Management LLC purchased a new stake in shares of Insight Enterprises in the second quarter worth $55,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Insight Enterprises in the 3rd quarter worth about $48,000. Covestor Ltd grew its position in Insight Enterprises by 24.3% during the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock valued at $75,000 after purchasing an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC lifted 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 buying an additional 160 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Insight Enterprises in the third quarter worth approximately $116,000.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Canaccord Genuity Group set a $90.00 target price on Insight Enterprises in a research note on Friday, February 6th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings cut shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $120.00 target price on shares of Insight Enterprises in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $100.00.

Insight Enterprises Stock Up 2.2%

NASDAQ NSIT opened at $82.90 on Thursday. The stock has a 50 day moving average price of $84.49 and a 200-day moving average price of $95.91. Insight Enterprises, Inc. has a one year low of $77.10 and a one year high of $160.68. 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 $2.57 billion, a P/E ratio of 16.68, a P/E/G ratio of 0.83 and a beta of 0.92.

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