Paradigm Capital Management Inc. NY Acquires 145,169 Shares of Insight Enterprises, Inc. $NSIT

Paradigm Capital Management Inc. NY increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 17.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 955,933 shares of the software maker’s stock after buying an additional 145,169 shares during the period. Insight Enterprises comprises approximately 2.5% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 12th largest position. Paradigm Capital Management Inc. NY’s holdings in Insight Enterprises were worth $64,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSIT. CWM LLC raised its stake in shares of Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after acquiring an additional 149 shares during the last quarter. Torren Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth $44,000. Caitong International Asset Management Co. Ltd increased its holdings in Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after purchasing an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in Insight Enterprises by 40.3% during the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after purchasing an additional 170 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after purchasing an additional 668 shares during the last quarter.

Insight Enterprises Stock Performance

NSIT stock opened at $117.65 on Friday. The firm has a market cap of $3.55 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 1.06 and a beta of 1.08. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $110.90 and a 200-day moving average price of $90.54. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $148.58.

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

Insiders Place Their Bets

In other news, CFO James A. Morgado bought 2,290 shares of Insight Enterprises stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target for the company in a research note on Wednesday, May 27th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Thursday, May 7th. Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a report on Friday, May 8th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.