Insight Enterprises, Inc. $NSIT Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 211,700 shares of the software maker’s stock after selling 23,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in Insight Enterprises were worth $29,233,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises during the first quarter worth approximately $27,000. Bessemer Group Inc. grew its stake 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 during the period. Parallel Advisors LLC grew its stake 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 during the period. Golden State Wealth Management LLC grew its stake 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 during the period. Finally, Covestor Ltd grew its stake 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 buying an additional 235 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Barrington Research restated an “outperform” rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Monday, September 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Insight Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

Insight Enterprises Trading Down 0.5%

NASDAQ NSIT opened at $111.47 on Friday. Insight Enterprises, Inc. has a 12 month low of $110.54 and a 12 month high of $225.38. 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 company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.13. The company’s fifty day moving average price is $124.66 and its two-hundred day moving average price is $133.43.

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

About Insight Enterprises

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.