Insight Enterprises, Inc. $NSIT Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,975 shares of the software maker’s stock after selling 300 shares during the quarter. Cascade Investment Advisors Inc.’s holdings in Insight Enterprises were worth $1,239,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Management Inc. WI raised its stake in Insight Enterprises by 17.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker’s stock valued at $142,377,000 after purchasing an additional 138,914 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Insight Enterprises by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after purchasing an additional 181,104 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Insight Enterprises by 1.1% in 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 purchasing an additional 3,866 shares during the last quarter. Principal Financial Group Inc. raised its stake in Insight Enterprises by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 146,906 shares of the software maker’s stock valued at $22,034,000 after purchasing an additional 3,362 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Insight Enterprises by 23.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 144,037 shares of the software maker’s stock valued at $20,424,000 after purchasing an additional 27,131 shares during the last quarter.

Wall Street Analyst Weigh In

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

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $106.58 on Monday. The stock has a market cap of $3.35 billion, a PE ratio of 25.44, a P/E/G ratio of 0.98 and a beta of 1.13. 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 twelve month low of $105.78 and a twelve month high of $224.51. The stock has a fifty day simple moving average of $122.03 and a 200-day simple moving average of $131.47.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.04). The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current 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.