Oak Associates Ltd. OH Acquires Shares of 5,816 Insight Enterprises, Inc. $NSIT

Oak Associates Ltd. OH acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 5,816 shares of the software maker’s stock, valued at approximately $390,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC increased its position in shares of Insight Enterprises by 39.2% during the 4th quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after purchasing an additional 149 shares during the last quarter. Torren Management LLC purchased a new stake in Insight Enterprises during the 4th quarter valued at $44,000. Caitong International Asset Management Co. Ltd lifted its position in Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after buying an additional 368 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its position in Insight Enterprises by 40.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after buying an additional 170 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after buying an additional 160 shares during the period.

Analysts Set New Price Targets

A number of research firms have weighed in on NSIT. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective on the stock in a research report on Wednesday, May 27th. Finally, Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Insight Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Insight Enterprises Price Performance

NSIT opened at $115.66 on Friday. The business has a fifty day moving average of $110.33 and a 200 day moving average of $90.35. The stock has a market cap of $3.49 billion, a P/E ratio of 20.22, a PEG ratio of 1.08 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 52-week low of $63.62 and a 52-week high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm posted $2.06 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, sell-side analysts anticipate that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

Insider Activity at Insight Enterprises

In related news, CFO James A. Morgado purchased 2,290 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the acquisition, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.21% of the company’s stock.

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.