Vise Technologies Inc. Acquires New Shares in Insight Enterprises, Inc. $NSIT

Vise Technologies Inc. acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the third quarter, HoldingsChannel reports. The institutional investor acquired 4,371 shares of the software maker’s stock, valued at approximately $683,000.

Several other hedge funds have also recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Insight Enterprises in the second quarter worth $587,162,000. Paradigm Capital Management Inc. NY bought a new stake in Insight Enterprises in the second quarter valued at $116,563,000. The Manufacturers Life Insurance Company purchased a new position in Insight Enterprises during the 2nd quarter valued at $1,666,000. Argent Capital Management LLC purchased a new position in Insight Enterprises during the 3rd quarter valued at $1,142,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Insight Enterprises during the 2nd quarter valued at $3,333,000.

Insider Activity at Insight Enterprises

In related news, General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several research analyst reports. Canaccord Genuity Group raised their target price on shares of Insight Enterprises from $140.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday, November 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Zacks Research cut shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research note on Monday, August 10th. Finally, Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $175.00.

Insight Enterprises Price Performance

NSIT opened at $168.75 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.16 and a debt-to-equity ratio of 0.96. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.06. The stock has a fifty day simple moving average of $163.12 and a two-hundred day simple moving average of $116.09. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $182.12.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, November 5th. The software maker reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.74. The firm had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a net margin of 2.01% and a return on equity of 24.01%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.43 EPS. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. Research analysts predict that Insight Enterprises, Inc. will post 11.50 earnings per share for the current fiscal year.

Insight Enterprises Company Profile

Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions. Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.