Ensign Peak Advisors Inc Decreases Holdings in Insight Enterprises, Inc. $NSIT
Ensign Peak Advisors Inc decreased its holdings in Insight Enterprises, Inc. by 36.7% in Q2, owning 6,293 shares worth $869,000. Analysts have set new price targets, with a consensus rating of "Hold" and a target of $128.33. Insight Enterprises' stock opened at $86.57, with a 12-month low of $81.59 and high of $181.92. The company reported Q3 earnings of $2.43 per share, missing estimates, with revenue down 4% year-over-year.
Ensign Peak Advisors Inc reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 36.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,293 shares of the software maker's stock after selling 3,650 shares during the period. Ensign Peak Advisors Inc's holdings in Insight Enterprises were worth $869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
- Marvell Shares Gap Down: Is AI Sentiment Changing?
A number of other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC boosted its holdings in shares of Insight Enterprises by 264.9% in the second quarter. AlphaQuest LLC now owns 3,609 shares of the software maker's stock worth $498,000 after buying an additional 2,620 shares during the last quarter. Geode Capital Management LLC raised its position in Insight Enterprises by 3.0% in the second quarter. Geode Capital Management LLC now owns 674,234 shares of the software maker's stock worth $93,112,000 after acquiring an additional 19,812 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Insight Enterprises during the 1st quarter worth $396,000. Charles Schwab Investment Management Inc. grew its position in shares of Insight Enterprises by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker's stock valued at $55,272,000 after acquiring an additional 3,866 shares during the period. Finally, Public Sector Pension Investment Board grew its position in shares of Insight Enterprises by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 86,668 shares of the software maker's stock valued at $12,999,000 after acquiring an additional 18,584 shares during the period.
Get Insight Enterprises alerts:
Analysts Set New Price Targets
Several equities analysts recently weighed in on the company. Canaccord Genuity Group assumed coverage on Insight Enterprises in a research report on Wednesday, November 19th. They set a "hold" rating and a $100.00 target price on the stock. Barrington Research set a $120.00 price objective on Insight Enterprises in a research report on Friday, October 31st. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Insight Enterprises in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $128.33.
Read Our Latest Report on Insight Enterprises
Insight Enterprises Stock Down 0.2%
Shares of NSIT opened at $86.57 on Friday. The business's 50 day moving average is $101.22 and its 200 day moving average is $121.74. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 12-month low of $81.59 and a 12-month high of $181.92. The company has a market capitalization of $2.68 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.49 by ($0.06). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The company had revenue of $2 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the business earned $2.19 earnings per share. The company's quarterly revenue was down 4.0% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. Research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.
About Insight Enterprises
(Free Report)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.
See Also
- Five stocks we like better than Insight Enterprises
- How to Buy Gold Stock and Invest in Gold
- Meta Platforms May Ditch NVIDIA Chips—Here’s Why Investors Care
- What Is WallStreetBets and What Stocks Are They Targeting?
- SoFi Technologies: From Fintech Speculation to Profit Engine
- Insider Buying Explained: What Investors Need to Know
- Gold to $5,000? What Bank of America and UBS Have to Say
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Insight Enterprises Right Now?
Before you consider Insight Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insight Enterprises wasn't on the list.
While Insight Enterprises currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
