James Investment Research Inc. Sells 10,053 Shares of Insight Enterprises, Inc. $NSIT

James Investment Research Inc. lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 25.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,154 shares of the software maker’s stock after selling 10,053 shares during the quarter. James Investment Research Inc. owned 0.10% of Insight Enterprises worth $3,420,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Insight Enterprises during the second quarter worth about $46,972,000. Nomura Holdings Inc. boosted its stake in Insight Enterprises by 272.6% during the 2nd quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock valued at $45,320,000 after purchasing an additional 240,129 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in Insight Enterprises by 321.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after purchasing an additional 180,860 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Insight Enterprises by 114.2% in the second quarter. Jane Street Group LLC now owns 285,248 shares of the software maker’s stock worth $39,388,000 after purchasing an additional 152,064 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Insight Enterprises by 55.8% in the second quarter. Bank of America Corp DE now owns 223,255 shares of the software maker’s stock valued at $30,828,000 after purchasing an additional 79,942 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on NSIT. Barrington Research reiterated an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a report on Monday, January 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Canaccord Genuity Group began coverage on shares of Insight Enterprises in a report on Wednesday, November 19th. They issued a “hold” rating and a $100.00 target price for the company. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings downgraded shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $103.33.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $82.60 on Monday. The company has a market capitalization of $2.56 billion, a P/E ratio of 19.25, a P/E/G ratio of 0.39 and a beta of 0.93. The business has a fifty day simple moving average of $83.90 and a two-hundred day simple moving average of $107.01. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.27. Insight Enterprises, Inc. has a 1 year low of $77.10 and a 1 year high of $181.92.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company posted $2.19 EPS. The firm’s revenue was down 4.0% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current 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.