Healthcare of Ontario Pension Plan Trust Fund Raises Holdings in Insight Enterprises, Inc. $NSIT

Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 113.5% during the 1st quarter, HoldingsChannel.com reports. The fund owned 28,024 shares of the software maker’s stock after purchasing an additional 14,899 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Insight Enterprises were worth $1,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSIT. Royal Bank of Canada boosted its stake in Insight Enterprises by 684.8% in the 1st quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock worth $3,664,000 after purchasing an additional 21,310 shares in the last quarter. AQR Capital Management LLC increased its stake in Insight Enterprises by 39.7% during the 1st quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock valued at $2,264,000 after purchasing an additional 4,293 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Insight Enterprises in the first quarter worth $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Insight Enterprises by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock worth $2,432,000 after buying an additional 714 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Insight Enterprises by 5.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock worth $11,138,000 after buying an additional 3,722 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NSIT. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a research note on Thursday, May 7th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective on the stock in a report on Wednesday, May 27th. One 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, Insight Enterprises presently has an average rating of “Moderate Buy” and a consensus price target of $100.00.

Insider Transactions at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the acquisition, the chief financial officer owned 17,246 shares in the company, valued at $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.21% of the stock is owned by corporate insiders.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $128.93 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $142.43. The company has a 50 day simple moving average of $114.29 and a two-hundred day simple moving average of $91.94. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.17 and a beta of 1.08.

Insight Enterprises (NASDAQ:NSIT) last released 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 the consensus estimate of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, analysts predict that Insight Enterprises, Inc. will post 10.89 earnings per share 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.