3,498 Shares in Insight Enterprises, Inc. $NSIT Acquired by First Citizens Bank & Trust Co.

First Citizens Bank & Trust Co. bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 3,498 shares of the software maker’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bessemer Group Inc. raised its holdings 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 worth $29,000 after purchasing an additional 84 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Insight Enterprises during the first quarter valued at approximately $952,000. WCM Investment Management LLC raised its holdings in shares of Insight Enterprises by 60.9% during the first quarter. WCM Investment Management LLC now owns 114,047 shares of the software maker’s stock valued at $17,406,000 after acquiring an additional 43,186 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Insight Enterprises by 12.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 116,906 shares of the software maker’s stock valued at $17,185,000 after acquiring an additional 12,980 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Insight Enterprises by 185.2% during the first quarter. GAMMA Investing LLC now owns 1,155 shares of the software maker’s stock valued at $173,000 after acquiring an additional 750 shares during the period.

Insight Enterprises Stock Up 0.7%

Insight Enterprises stock opened at $108.95 on Friday. The firm has a market cap of $3.43 billion, a PE ratio of 26.00, a P/E/G ratio of 1.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. The firm’s 50 day moving average price is $118.81 and its two-hundred day moving average price is $129.38. Insight Enterprises, Inc. has a twelve month low of $105.78 and a twelve month high of $213.05.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target 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. Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a report on Saturday. Finally, Barrington Research restated an “outperform” rating and set a $164.00 price target on shares of Insight Enterprises in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Insight Enterprises Profile

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.