Vise Technologies Inc. Buys 4,371 Shares of Insight Enterprises, Inc. $NSIT

Vise Technologies Inc. bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 4,371 shares of the software maker’s stock, valued at approximately $683,000.

A number of other institutional investors also recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Insight Enterprises in the second quarter valued at about $587,162,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $116,563,000. Bank of America Corp DE bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at approximately $36,643,000. Alyeska Investment Group L.P. bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at approximately $26,602,000. Finally, Bank of New York Mellon Corp acquired a new position in Insight Enterprises during the 2nd quarter worth approximately $21,892,000.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NSIT. JPMorgan Chase & Co. boosted their target price on shares of Insight Enterprises from $160.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, November 6th. Raymond James Financial reissued an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Wall Street Zen lowered Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Zacks Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Finally, Canaccord Genuity Group increased their target price on Insight Enterprises from $140.00 to $175.00 and gave the company a “hold” rating in a research report on Friday, November 6th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Insight Enterprises currently has a consensus rating of “Hold” and a consensus price target of $175.00.

Insight Enterprises Stock Up 3.1%

Shares of NASDAQ NSIT opened at $168.75 on Wednesday. The company has a market capitalization of $4.86 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.19. Insight Enterprises, Inc. has a 52-week low of $63.62 and a 52-week high of $182.12. The company’s 50 day moving average price is $163.12 and its 200-day moving average price is $116.09.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, November 5th. The software maker reported $3.59 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.74. The business had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a net margin of 2.01% and a return on equity of 24.01%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the company posted $2.43 earnings per share. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. Equities analysts forecast that Insight Enterprises, Inc. will post 11.50 earnings per share for the current year.

Insiders Place Their Bets

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.21% of the company’s stock.

About Insight Enterprises

Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions. Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.