Legal & General Group Plc Acquires New Holdings in Insight Enterprises, Inc. $NSIT

Legal & General Group Plc purchased a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, HoldingsChannel reports. The fund purchased 72,550 shares of the software maker’s stock, valued at approximately $8,837,000.

A number of other institutional investors have also added to or reduced their stakes in NSIT. CWM LLC raised its holdings in shares of Insight Enterprises by 39.2% in the 4th quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after acquiring an additional 149 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after purchasing an additional 368 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of Insight Enterprises by 40.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after purchasing an additional 170 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Insight Enterprises by 467.1% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after purchasing an additional 668 shares during the last quarter. Finally, Covestor Ltd raised its stake in Insight Enterprises by 32.2% in the fourth quarter. Covestor Ltd now owns 879 shares of the software maker’s stock valued at $72,000 after purchasing an additional 214 shares in the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $154.07 on Wednesday. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.14 and a beta of 1.10. The business has a 50 day moving average of $131.98 and a 200 day moving average of $102.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $159.41.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the business earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Barrington Research set a $180.00 target price on Insight Enterprises in a research note on Monday, August 10th. Finally, Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Insight Enterprises currently has an average rating of “Moderate Buy” and a consensus target price of $147.50.

Insight Enterprises Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.