Hsbc Holdings PLC Increases Position in Insight Enterprises, Inc. $NSIT

Hsbc Holdings PLC grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1,591.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,771 shares of the software maker’s stock after acquiring an additional 71,291 shares during the period. Hsbc Holdings PLC’s holdings in Insight Enterprises were worth $6,263,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. CWM LLC increased its holdings in Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after buying an additional 149 shares during the last quarter. Torren Management LLC acquired a new stake in Insight Enterprises in the fourth quarter valued at $44,000. Caitong International Asset Management Co. Ltd lifted its holdings in Insight Enterprises by 172.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after buying an additional 368 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Insight Enterprises by 40.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after buying an additional 170 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after acquiring an additional 668 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have recently commented on NSIT. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th. JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a research note on Wednesday, May 27th. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Thursday, May 7th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Insight Enterprises presently has an average rating of “Moderate Buy” and an average price target of $100.00.

Insiders Place Their Bets

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

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $112.53 on Thursday. The stock’s 50-day moving average is $101.89 and its two-hundred day moving average is $87.61. 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 1 year low of $63.62 and a 1 year high of $148.58. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 1.04 and a beta of 1.08.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.43. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Analysts predict that Insight Enterprises, Inc. will post 10.8 earnings per share for the current year.

Insight Enterprises Company 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.