Allspring Global Investments Holdings LLC has reported a 12.0% increase in its holdings of Insight Enterprises, Inc. during the second quarter, according to a recent filing with the Securities and Exchange Commission. The firm now owns 36,108 shares of Insight Enterprises’ stock, representing an additional 3,878 shares purchased during the quarter. The total value of the holdings is estimated to be $7,162,000, accounting for approximately 0.11% of Insight Enterprises’ worth at the end of the quarter.
Several other hedge funds and institutional investors have also engaged in buying and selling shares of Insight Enterprises. Opal Wealth Advisors LLC acquired a new position in the company during the second quarter, valued at around $38,000. GAMMA Investing LLC purchased shares in the fourth quarter, amounting to approximately $40,000. SRS Capital Advisors Inc. also acquired a new position in Insight Enterprises during the fourth quarter, valued at about $46,000. EntryPoint Capital LLC entered the market in the first quarter, investing approximately $89,000. Additionally, Blue Trust Inc. increased its stake in Insight Enterprises by 40.8% during the second quarter, now owning 531 shares worth $99,000.
Various research analysts have recently issued reports on Insight Enterprises. JPMorgan Chase & Co. lowered their target price on the company from $233.00 to $225.00 and assigned a “neutral” rating. Barrington Research reiterated an “outperform” rating with a target price of $225.00. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating. Stifel Nicolaus raised their price objective from $192.00 to $200.00 and maintained a “hold” rating.
Insight Enterprises, Inc. opened at $217.07 on Friday, with a market capitalization of $7.07 billion. The company has a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.53, and a beta of 1.49. Its 50-day moving average stands at $204.42, while the 200-day moving average is $195.77. Insight Enterprises has a debt-to-equity ratio of 0.36, a quick ratio of 1.22, and a current ratio of 1.22. The company’s 52-week low is $139.34, and the 52-week high is $228.07.
Insight Enterprises recently announced its quarterly earnings data for the period ending on August 1st. The software maker reported earnings per share (EPS) of $2.46, falling short of the consensus estimate of $2.82 by ($0.36). The company’s return on equity was 20.38%, with a net margin of 3.38%. Insight Enterprises generated $2.16 billion in revenue during the quarter, compared to the estimated $2.47 billion. The company experienced an 8.0% decline in revenue year-over-year.
In insider trading news, Jennifer M. Vasin, an insider at Insight Enterprises, sold 739 shares of the company’s stock on August 19th. The shares were sold at an average price of $206.03, resulting in a total value of $152,256.17. Following the transaction, Vasin now holds 5,460 shares in the company, valued at $1,124,923.80. The sale was disclosed in a filing with the SEC.
Based in the United States, Insight Enterprises, Inc. and its subsidiaries provide information technology, hardware, software, and services globally. The company offers modern platforms/infrastructure, cybersecurity solutions, data and artificial intelligence solutions, modern workplace and apps, and intelligent edge solutions.