957,000 Shares in Insight Enterprises, Inc. $NSIT Acquired by Paradigm Capital Management Inc. NY

Paradigm Capital Management Inc. NY acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 957,000 shares of the software maker’s stock, valued at approximately $116,563,000. Insight Enterprises accounts for 3.2% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 9th biggest holding. Paradigm Capital Management Inc. NY owned 3.26% of Insight Enterprises as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in Insight Enterprises during the second quarter valued at approximately $211,000. Pinnbrook Capital Management LP purchased a new stake in Insight Enterprises in the 2nd quarter worth approximately $2,533,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Insight Enterprises during the 2nd quarter worth approximately $348,000. Callan Family Office LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter worth approximately $941,000. Finally, Virtus Advisers LLC purchased a new position in shares of Insight Enterprises during the 2nd quarter valued at approximately $912,000.

Insight Enterprises Trading Down 1.4%

Shares of Insight Enterprises stock opened at $145.29 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The stock’s 50 day simple moving average is $126.46 and its 200-day simple moving average is $99.28. The stock has a market cap of $4.26 billion, a P/E ratio of 21.27, a P/E/G ratio of 1.07 and a beta of 1.07. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $157.35.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Analysts predict that Insight Enterprises, Inc. will post 11.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NSIT shares. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. raised their price objective on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

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.