The Manufacturers Life Insurance Company Invests $1.67 Million in Insight Enterprises, Inc. $NSIT

The Manufacturers Life Insurance Company bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 13,675 shares of the software maker’s stock, valued at approximately $1,666,000.

Several other hedge funds also recently added to or reduced their stakes in NSIT. CWM LLC raised its stake in Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after buying an additional 149 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after acquiring an additional 368 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Insight Enterprises by 40.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after acquiring an additional 170 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Insight Enterprises by 467.1% during the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after acquiring an additional 668 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Insight Enterprises by 32.2% during the fourth quarter. Covestor Ltd now owns 879 shares of the software maker’s stock valued at $72,000 after acquiring an additional 214 shares in the last quarter.

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of recent analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 29th. Finally, Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.50.

Insider Activity

In other news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.21% of the stock is currently owned by insiders.

Insight Enterprises Stock Performance

NSIT opened at $159.15 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a fifty day moving average price of $133.66 and a 200 day moving average price of $103.06. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $159.42. The stock has a market cap of $4.67 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.10 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Equities research analysts anticipate that Insight Enterprises, Inc. will post 11.5 earnings per share for the current year.

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.