Oak Associates Ltd. OH Buys New Position in Insight Enterprises, Inc. $NSIT

Oak Associates Ltd. OH bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,816 shares of the software maker’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning raised its holdings in Insight Enterprises by 1.8% in the 3rd quarter. Creative Planning now owns 7,630 shares of the software maker’s stock worth $865,000 after purchasing an additional 135 shares during the period. CWM LLC grew its position in shares of Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after purchasing an additional 149 shares in the last quarter. Raymond James Financial Inc. raised its stake in Insight Enterprises by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker’s stock valued at $1,118,000 after purchasing an additional 154 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Insight Enterprises by 26.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after purchasing an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Insight Enterprises by 4.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker’s stock worth $522,000 after purchasing an additional 162 shares in the last quarter.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $115.66 on Friday. The stock has a market capitalization of $3.49 billion, a PE ratio of 20.22, a P/E/G ratio of 1.08 and a beta of 1.08. The business has a 50 day simple moving average of $110.33 and a two-hundred day simple moving average of $90.35. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.43. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 10.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NSIT has been the subject of a number of research analyst reports. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Insiders Place Their Bets

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $87.25 per share, with a total value of $199,802.50. Following the completion of the purchase, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Insight Enterprises 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.