Bank of New York Mellon Corp Sells 4,136 Shares of Insight Enterprises, Inc. $NSIT

Bank of New York Mellon Corp lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 177,817 shares of the software maker’s stock after selling 4,136 shares during the period. Bank of New York Mellon Corp owned 0.59% of Insight Enterprises worth $11,916,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. CWM LLC lifted 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 buying an additional 149 shares during the last quarter. Torren Management LLC purchased a new stake in Insight Enterprises in the 4th quarter worth about $44,000. Caitong International Asset Management Co. Ltd raised its stake in Insight Enterprises by 172.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after acquiring an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in 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 valued at $48,000 after purchasing an additional 170 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock valued at $107,000 after purchasing an additional 160 shares during the last quarter.

Insider Activity at Insight Enterprises

In other news, CFO James A. Morgado acquired 2,290 shares of Insight Enterprises 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 transaction, the chief financial officer owned 17,246 shares of the company’s stock, valued at $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.21% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Wednesday, May 27th. Wall Street Zen raised shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Insight Enterprises Price Performance

NSIT stock opened at $128.93 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. Insight Enterprises, Inc. has a one year low of $63.62 and a one year high of $142.43. The stock has a market cap of $3.89 billion, a PE ratio of 22.54, a P/E/G ratio of 1.17 and a beta of 1.08. The firm has a 50 day simple moving average of $114.29 and a two-hundred day simple moving average of $91.94.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the previous year, the firm posted $2.06 EPS. The firm’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. On average, analysts predict that Insight Enterprises, Inc. will post 10.89 EPS for the current fiscal year.

Insight Enterprises Company 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.