Massachusetts Financial Services Co. MA Buys 53,159 Shares of Insight Enterprises, Inc. $NSIT

Massachusetts Financial Services Co. MA lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 672,517 shares of the software maker’s stock after purchasing an additional 53,159 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.14% of Insight Enterprises worth $76,270,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its position in Insight Enterprises by 264.9% in the second quarter. AlphaQuest LLC now owns 3,609 shares of the software maker’s stock worth $498,000 after acquiring an additional 2,620 shares in the last quarter. Geode Capital Management LLC raised its position in Insight Enterprises by 3.0% during the second quarter. Geode Capital Management LLC now owns 674,234 shares of the software maker’s stock valued at $93,112,000 after purchasing an additional 19,812 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Insight Enterprises by 32.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 190,522 shares of the software maker’s stock valued at $21,417,000 after purchasing an additional 46,485 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Insight Enterprises by 28.5% in the 2nd quarter. American Century Companies Inc. now owns 184,675 shares of the software maker’s stock worth $25,501,000 after purchasing an additional 40,924 shares during the period. Finally, Country Trust Bank increased its position in shares of Insight Enterprises by 3.3% during the 2nd quarter. Country Trust Bank now owns 179,291 shares of the software maker’s stock valued at $24,757,000 after purchasing an additional 5,727 shares during the last quarter.

Wall Street Analyst Weigh In

NSIT has been the subject of a number of analyst reports. Weiss Ratings downgraded Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. 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 target price on the stock. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a report on Monday, December 15th. Finally, Barrington Research reissued an “outperform” rating and issued a $120.00 price objective on shares of Insight Enterprises in a research note on Monday, January 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $103.33.

Insight Enterprises Trading Down 4.7%

NASDAQ NSIT opened at $79.57 on Wednesday. The stock has a market cap of $2.47 billion, a PE ratio of 18.55, a PEG ratio of 0.40 and a beta of 0.93. Insight Enterprises, Inc. has a 12 month low of $77.10 and a 12 month high of $181.92. The company’s 50-day moving average price is $84.41 and its 200-day moving average price is $108.32. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.88.

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