Ritholtz Wealth Management Trims Holdings in Insight Enterprises, Inc. $NSIT

Ritholtz Wealth Management trimmed its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 52.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,819 shares of the software maker’s stock after selling 4,158 shares during the period. Ritholtz Wealth Management’s holdings in Insight Enterprises were worth $527,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bessemer Group Inc. raised its stake in shares of Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock valued at $29,000 after acquiring an additional 84 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of Insight Enterprises by 100.5% in the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock valued at $63,000 after purchasing an additional 210 shares in the last quarter. Covestor Ltd grew its holdings in shares of Insight Enterprises by 68.1% in the first quarter. Covestor Ltd now owns 580 shares of the software maker’s stock valued at $87,000 after purchasing an additional 235 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Insight Enterprises by 185.2% in the first quarter. GAMMA Investing LLC now owns 1,155 shares of the software maker’s stock valued at $173,000 after purchasing an additional 750 shares in the last quarter. Finally, Sage Rhino Capital LLC acquired a new position in shares of Insight Enterprises in the first quarter valued at approximately $220,000.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $164.00 price objective on shares of Insight Enterprises in a report on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.00.

Insight Enterprises Trading Down 0.6%

NASDAQ NSIT opened at $108.11 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 52 week low of $105.78 and a 52 week high of $223.84. The stock has a market capitalization of $3.40 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. The firm has a 50 day moving average of $120.90 and a two-hundred day moving average of $130.11.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). The firm had revenue of $2.09 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%.The company’s revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.