Hsbc Holdings PLC Decreases Stock Holdings in Insight Enterprises, Inc. $NSIT

Hsbc Holdings PLC reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 91.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,680 shares of the software maker’s stock after selling 69,091 shares during the period. Hsbc Holdings PLC’s holdings in Insight Enterprises were worth $444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its stake in Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after buying an additional 149 shares in the last quarter. Torren Management LLC acquired a new position in shares of Insight Enterprises during the 4th quarter worth about $44,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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 last quarter. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Insight Enterprises by 40.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock valued at $48,000 after acquiring an additional 170 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after acquiring an additional 668 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on NSIT shares. JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a research note on Wednesday, May 27th. 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. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. 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 given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $100.00.

Insider Buying and Selling

In other news, CFO James A. Morgado purchased 2,290 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average price of $87.25 per share, with a total value of $199,802.50. Following the completion of the transaction, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.21% of the stock is currently owned by company insiders.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $128.93 on Friday. The stock’s 50-day moving average is $114.29 and its two-hundred day moving average is $91.94. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $142.43. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.18 and a beta of 1.08.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.43. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Analysts predict that Insight Enterprises, Inc. will post 10.89 earnings per share 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.