Canada Pension Plan Investment Board Takes Position in Insight Enterprises, Inc. $NSIT

Canada Pension Plan Investment Board bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, HoldingsChannel reports. The fund bought 8,800 shares of the software maker’s stock, valued at approximately $1,072,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Insight Enterprises by 1.8% in the third quarter. Creative Planning now owns 7,630 shares of the software maker’s stock valued at $865,000 after acquiring an additional 135 shares during the last quarter. CWM LLC grew its position in Insight Enterprises by 39.2% during the 4th quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after acquiring an additional 149 shares during the last quarter. Raymond James Financial Inc. grew its position in Insight Enterprises by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker’s stock worth $1,118,000 after acquiring an additional 154 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Insight Enterprises by 26.0% during the 2nd 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 in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Insight Enterprises by 4.5% during the 2nd quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker’s stock valued at $522,000 after purchasing an additional 162 shares in the last quarter.

Analyst Upgrades and Downgrades

NSIT has been the subject of several research analyst reports. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research report on Friday, May 8th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Wall Street Zen upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Raymond James Financial reissued an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. 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. According to MarketBeat.com, Insight Enterprises presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

Insight Enterprises Trading Up 0.9%

NSIT stock opened at $157.02 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month high of $159.41. The company has a market cap of $4.61 billion, a P/E ratio of 22.99, a PEG ratio of 1.13 and a beta of 1.07. The business has a fifty day moving average of $131.11 and a 200-day moving average of $101.62.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities research analysts expect 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.