Hennessy Advisors Inc. Decreases Stock Holdings in Insight Enterprises, Inc. $NSIT

Hennessy Advisors Inc. lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,700 shares of the software maker’s stock after selling 23,400 shares during the period. Hennessy Advisors Inc. owned about 0.66% of Insight Enterprises worth $29,233,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises during the first quarter worth about $27,000. Bessemer Group Inc. boosted its holdings in Insight Enterprises by 79.2% during the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock worth $29,000 after buying an additional 84 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Insight Enterprises by 40.4% during the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker’s stock worth $49,000 after buying an additional 95 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in Insight Enterprises by 100.5% during the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock worth $63,000 after buying an additional 210 shares in the last quarter. Finally, Covestor Ltd raised its position in Insight Enterprises by 68.1% during the first quarter. Covestor Ltd now owns 580 shares of the software maker’s stock worth $87,000 after acquiring an additional 235 shares during the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $111.47 on Friday. The firm has a 50 day simple moving average of $124.66 and a 200-day simple moving average of $133.43. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The firm has a market cap of $3.51 billion, a PE ratio of 26.60, a P/E/G ratio of 1.03 and a beta of 1.13. Insight Enterprises, Inc. has a 1-year low of $110.54 and a 1-year high of $225.38.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.04). The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a research report on Saturday, September 27th. Finally, Barrington Research restated an “outperform” rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Insight Enterprises presently has an average rating of “Moderate Buy” and an average price target of $183.00.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.