Bailard Inc. Decreases Position in Insight Enterprises, Inc. $NSIT

Bailard Inc. decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.6% during the 2nd quarter, Holdings Channel reports. The firm owned 25,913 shares of the software maker’s stock after selling 956 shares during the quarter. Bailard Inc.’s holdings in Insight Enterprises were worth $3,578,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NSIT. Envestnet Asset Management Inc. boosted its position in shares of Insight Enterprises by 64.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,158 shares of the software maker’s stock worth $4,973,000 after buying an additional 13,051 shares in the last quarter. Xponance Inc. raised its position in Insight Enterprises by 4.3% during the first quarter. Xponance Inc. now owns 2,278 shares of the software maker’s stock worth $342,000 after acquiring an additional 94 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Insight Enterprises by 48.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after purchasing an additional 181,104 shares in the last quarter. Verdence Capital Advisors LLC grew its position in shares of Insight Enterprises by 14.3% in the first quarter. Verdence Capital Advisors LLC now owns 1,603 shares of the software maker’s stock valued at $240,000 after purchasing an additional 200 shares during the last quarter. Finally, Forte Capital LLC ADV increased its stake in shares of Insight Enterprises by 46.0% during the 1st quarter. Forte Capital LLC ADV now owns 20,122 shares of the software maker’s stock worth $3,018,000 after purchasing an additional 6,342 shares in the last quarter.

Insight Enterprises Trading Up 2.1%

Shares of NSIT opened at $91.65 on Thursday. Insight Enterprises, Inc. has a fifty-two week low of $89.50 and a fifty-two week high of $181.92. The company has a market capitalization of $2.84 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11. The stock has a fifty day moving average of $110.28 and a two-hundred day moving average of $125.87. 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 (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.06). The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.Insight Enterprises’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.19 EPS. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on NSIT. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Finally, Barrington Research set a $120.00 price objective on Insight Enterprises in a research note on Friday, October 31st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $168.33.

About Insight Enterprises

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.