James Investment Research Inc. Trims Holdings in Insight Enterprises, Inc. $NSIT

James Investment Research Inc. trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 25.0% during the third quarter, HoldingsChannel.com reports. The firm owned 30,154 shares of the software maker’s stock after selling 10,053 shares during the quarter. James Investment Research Inc.’s holdings in Insight Enterprises were worth $3,420,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. MTM Investment Management LLC bought a new position in shares of Insight Enterprises in the second quarter valued at approximately $55,000. Covestor Ltd lifted its stake in Insight Enterprises by 24.3% in the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Insight Enterprises by 26.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock valued at $107,000 after purchasing an additional 160 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Insight Enterprises during the 3rd quarter valued at $116,000. Finally, State of Wyoming bought a new position in shares of Insight Enterprises in the second quarter worth $184,000.

Wall Street Analysts Forecast Growth

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

Insight Enterprises Trading Up 0.0%

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

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

About Insight Enterprises

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.