Bank of New York Mellon Corp Decreases Stock Position in Insight Enterprises, Inc. $NSIT

Bank of New York Mellon Corp lessened its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,817 shares of the software maker’s stock after selling 4,136 shares during the period. Bank of New York Mellon Corp’s holdings in Insight Enterprises were worth $11,916,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of NSIT. Allspring Global Investments Holdings LLC raised its position in Insight Enterprises by 31.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock worth $21,033,000 after purchasing an additional 59,987 shares during the last quarter. Country Trust Bank boosted its position in Insight Enterprises by 45.6% in the 4th quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock valued at $22,761,000 after buying an additional 87,538 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at $4,400,000. BNP Paribas Financial Markets increased its stake in shares of Insight Enterprises by 21.9% in the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock valued at $15,353,000 after buying an additional 33,880 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Insight Enterprises by 264.5% during the fourth quarter. SG Americas Securities LLC now owns 18,904 shares of the software maker’s stock worth $1,540,000 after acquiring an additional 13,718 shares during the last quarter.

Insider Activity

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

Analyst Ratings Changes

NSIT has been the topic of several research reports. Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price on the stock in a research report on Wednesday, May 27th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Stock Up 0.9%

Insight Enterprises stock opened at $128.93 on Friday. The company has a 50 day moving average of $114.29 and a 200-day moving average of $91.94. The company has a quick ratio of 1.17, a current ratio of 1.22 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 $142.43. The stock has a market capitalization of $3.89 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08.

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