Bailard Inc. Reduces Stock Position in Insight Enterprises, Inc. $NSIT

Bailard Inc. lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 26.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,033 shares of the software maker’s stock after selling 6,456 shares during the quarter. Bailard Inc.’s holdings in Insight Enterprises were worth $1,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC boosted its holdings in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after buying an additional 149 shares during the last quarter. Torren Management LLC purchased a new position in shares of Insight Enterprises in the fourth quarter worth approximately $44,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Insight Enterprises in the third quarter worth approximately $48,000. Covestor Ltd boosted its holdings in shares of Insight Enterprises by 24.3% in the third quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after buying an additional 130 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Insight Enterprises by 47.0% in the fourth quarter. KBC Group NV now owns 1,101 shares of the software maker’s stock worth $90,000 after buying an additional 352 shares during the last quarter.

Insight Enterprises Trading Up 0.3%

Shares of NSIT opened at $87.32 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. Insight Enterprises, Inc. has a fifty-two week low of $63.62 and a fifty-two week high of $148.58. The stock has a market capitalization of $2.64 billion, a PE ratio of 15.27, a P/E/G ratio of 0.77 and a beta of 0.96. The company’s fifty day moving average is $75.16 and its 200 day moving average is $82.42.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business posted $2.06 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 11.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO James A. Morgado acquired 2,290 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the transaction, 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of research reports. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday. Barrington Research reissued an “outperform” rating and issued a $120.00 target price on shares of Insight Enterprises in a report on Friday, February 6th. Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Insight Enterprises currently has an average rating of “Hold” and a consensus price target of $93.75.

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.