Cascade Investment Advisors Inc. Lowers Stock Holdings in Insight Enterprises, Inc. $NSIT

Cascade Investment Advisors Inc. trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,975 shares of the software maker’s stock after selling 300 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Insight Enterprises were worth $1,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSIT. Opal Wealth Advisors LLC purchased a new position in Insight Enterprises during the 1st quarter valued at about $27,000. Bessemer Group Inc. boosted its stake in shares of Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock valued at $29,000 after buying an additional 84 shares during the period. Golden State Wealth Management LLC boosted its stake in shares of Insight Enterprises by 100.5% in the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock valued at $63,000 after buying an additional 210 shares during the period. Covestor Ltd boosted its stake in shares of Insight Enterprises by 68.1% in the 1st quarter. Covestor Ltd now owns 580 shares of the software maker’s stock valued at $87,000 after buying an additional 235 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Insight Enterprises by 185.2% in the 1st quarter. GAMMA Investing LLC now owns 1,155 shares of the software maker’s stock valued at $173,000 after buying an additional 750 shares during the period.

Analyst Ratings Changes

Several brokerages have recently issued reports on NSIT. Weiss Ratings reiterated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Barrington Research reiterated an “outperform” rating and issued a $164.00 price objective on shares of Insight Enterprises in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $106.58 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. Insight Enterprises, Inc. has a fifty-two week low of $105.78 and a fifty-two week high of $224.51. The firm has a market capitalization of $3.35 billion, a PE ratio of 25.44, a price-to-earnings-growth ratio of 0.98 and a beta of 1.13. The stock’s 50-day simple moving average is $122.03 and its 200-day simple moving average is $131.47.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the business posted $2.46 EPS. Insight Enterprises’s revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Insight Enterprises Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.