JPMorgan Chase & Co. Grows Holdings in Insight Enterprises, Inc. $NSIT

JPMorgan Chase & Co. lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 64.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 196,950 shares of the software maker’s stock after purchasing an additional 76,992 shares during the quarter. JPMorgan Chase & Co.’s holdings in Insight Enterprises were worth $22,336,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Insight Enterprises during the second quarter worth $46,972,000. Nomura Holdings Inc. raised its holdings in shares of Insight Enterprises by 272.6% in the 2nd quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock valued at $45,320,000 after buying an additional 240,129 shares during the period. Qube Research & Technologies Ltd lifted its stake in Insight Enterprises by 321.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after acquiring an additional 180,860 shares in the last quarter. Jane Street Group LLC lifted its stake in Insight Enterprises by 114.2% during the 2nd quarter. Jane Street Group LLC now owns 285,248 shares of the software maker’s stock worth $39,388,000 after acquiring an additional 152,064 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Insight Enterprises by 55.8% during the 2nd quarter. Bank of America Corp DE now owns 223,255 shares of the software maker’s stock valued at $30,828,000 after acquiring an additional 79,942 shares during the period.

Insight Enterprises Trading Down 1.2%

NASDAQ NSIT opened at $83.56 on Monday. Insight Enterprises, Inc. has a 52 week low of $77.10 and a 52 week high of $160.72. The firm has a 50 day moving average of $84.01 and a two-hundred day moving average of $98.27. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.59 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 0.85 and a beta of 0.92.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 5th. The software maker reported $2.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.14. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.66 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research note on Friday, February 6th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Weiss Ratings downgraded shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Finally, Canaccord Genuity Group set a $90.00 price objective on Insight Enterprises in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $100.00.

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.