Lazard Asset Management LLC Buys Shares of 22,623 Insight Enterprises, Inc. $NSIT

Lazard Asset Management LLC purchased a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) in the first quarter, HoldingsChannel reports. The institutional investor purchased 22,623 shares of the software maker’s stock, valued at approximately $1,516,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Morgan Stanley raised its position in shares of Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after buying an additional 362,258 shares in the last quarter. State Street Corp grew its position in Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after acquiring an additional 36,566 shares in the last quarter. Paradigm Capital Management Inc. NY increased its stake in Insight Enterprises by 17.9% in the first quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker’s stock valued at $64,057,000 after acquiring an additional 145,169 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Insight Enterprises by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after acquiring an additional 94,877 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Insight Enterprises by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock valued at $60,457,000 after purchasing an additional 8,919 shares in the last quarter.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $137.26 on Wednesday. The company has a 50-day simple moving average of $115.71 and a two-hundred day simple moving average of $92.69. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $141.00. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.21 and a beta of 1.07. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the business earned $2.06 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities analysts forecast that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

Insider Transactions at Insight Enterprises

In related news, CFO James A. Morgado purchased 2,290 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $87.25 per share, with a total value of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.21% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NSIT has been the subject of several research analyst reports. Wall Street Zen lowered Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research report on Friday, May 8th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research 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 assigned a Hold rating to the stock. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Company 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.