Insight Enterprises, Inc. $NSIT Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 64.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 196,950 shares of the software maker’s stock after purchasing an additional 76,992 shares during the period. JPMorgan Chase & Co.’s holdings in Insight Enterprises were worth $22,336,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Insight Enterprises during the third quarter worth about $48,000. Covestor Ltd raised its position in shares of Insight Enterprises by 24.3% in the third quarter. Covestor Ltd now owns 665 shares of the software maker’s stock valued at $75,000 after buying an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Insight Enterprises by 26.0% during the second 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 during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Insight Enterprises during the third quarter valued at approximately $116,000. Finally, State of Wyoming boosted its position in Insight Enterprises by 9.2% during the third quarter. State of Wyoming now owns 1,456 shares of the software maker’s stock worth $165,000 after acquiring an additional 123 shares during the last quarter.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $66.02 on Wednesday. Insight Enterprises, Inc. has a 1 year low of $65.90 and a 1 year high of $160.41. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.25. The firm has a 50 day moving average price of $82.71 and a 200 day moving average price of $92.32. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.73 and a beta of 0.92.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.14. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. Insight Enterprises’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NSIT. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Canaccord Genuity Group set a $90.00 price objective on Insight Enterprises in a report on Friday, February 6th. Weiss Ratings downgraded Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Finally, Barrington Research reiterated an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a research report on Friday, February 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $100.00.

Insight Enterprises 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.