Paradigm Capital Management Inc. NY Acquires New Stake in Insight Enterprises, Inc. $NSIT

Paradigm Capital Management Inc. NY bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 957,000 shares of the software maker’s stock, valued at approximately $116,563,000. Insight Enterprises comprises approximately 3.2% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSIT. CWM LLC grew its position in 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. Torren Management LLC acquired a new stake in shares of Insight Enterprises during the fourth quarter worth about $44,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of 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 valued at $47,000 after purchasing an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of 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 valued at $48,000 after purchasing an additional 170 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings 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 valued at $66,000 after purchasing an additional 668 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen cut Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Finally, Raymond James Financial restated an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

Insight Enterprises Trading Down 1.4%

NASDAQ:NSIT opened at $145.29 on Tuesday. The firm has a market cap of $4.26 billion, a P/E ratio of 21.27, a PEG ratio of 1.07 and a beta of 1.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $157.35. The stock’s 50 day simple moving average is $126.46 and its 200-day simple moving average is $99.28.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion during 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 revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities analysts anticipate that Insight Enterprises, Inc. will post 11.5 EPS for the current year.

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.