Virtus Advisers LLC Buys Shares of 7,489 Insight Enterprises, Inc. $NSIT

Virtus Advisers LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, HoldingsChannel reports. The firm bought 7,489 shares of the software maker’s stock, valued at approximately $912,000.

Other large investors have also recently made changes to their positions in the company. Creative Planning raised its stake in shares of Insight Enterprises by 1.8% during the 3rd quarter. Creative Planning now owns 7,630 shares of the software maker’s stock valued at $865,000 after purchasing an additional 135 shares during the period. CWM LLC boosted its stake in Insight Enterprises by 39.2% in the 4th quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after purchasing an additional 149 shares during the period. Raymond James Financial Inc. boosted its stake in Insight Enterprises by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker’s stock worth $1,118,000 after purchasing an additional 154 shares during the period. EverSource Wealth Advisors LLC grew 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 buying an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors grew 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 buying an additional 162 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on NSIT shares. Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a research note on Monday, August 10th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report 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 report on Friday, August 7th. Finally, Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research note on Friday, May 8th. One equities 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, Insight Enterprises presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $146.27 on Friday. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 1.07 and a beta of 1.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The business has a 50-day simple moving average of $125.05 and a 200 day simple moving average of $98.37. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $157.35.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.93. The firm 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 company’s revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, research analysts forecast that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal 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.