Insight Enterprises buys back shares for $76 million

CHANDLER, Ariz. - Insight Enterprises, Inc. (NASDAQ:NSIT), a global solutions integrator with a market capitalization of $4.2 billion, has repurchased 600,000 shares of its common stock from ValueAct Capital Master Fund, L.P. at a price of approximately $126.86 per share. The transaction, announced today, is valued at around $76 million and is part of Insight’s ongoing $300 million stock repurchase program. According to InvestingPro, management has been aggressively buying back shares, with the stock currently trading near its 52-week low of $126.09.

Joyce Mullen, Insight’s President and CEO, emphasized that the buyback is aimed at optimizing the company’s capital structure and delivering value to shareholders. She also noted that this move is a continuation of the partnership with ValueAct Capital, which began in 2021. The company maintains a healthy financial position with a current ratio of 1.23 and has generated $416 million in free cash flow over the last twelve months.

Alex Baum, a partner at ValueAct Capital, expressed that the sale of shares is a reflection of their active engagement with Insight and supports the company’s strategy to return capital to shareholders. Baum also mentioned that the transaction assists in adjusting ValueAct Capital’s ownership stake as they transition to an advisory role in Insight’s transformation into a leading AI Solutions Integrator. Analysts maintain a positive outlook, with price targets ranging from $152 to $191 per share. Get deeper insights into NSIT’s valuation and growth potential with a comprehensive Pro Research Report, available exclusively on InvestingPro.

The press release clarified that this is not an offer to sell or a solicitation to buy any securities and that any future public offering of Insight’s securities in the United States would require registration with the Securities and Exchange Commission or an exemption from registration.

Insight Enterprises, recognized for its workplace environment and employer quality, partners with over 6,000 experts worldwide to provide comprehensive IT solutions. The company has been operational for more than 35 years, focusing on delivering efficient, effective, and secure technology solutions to its clients.

The information for this article is based on a press release statement from Insight Enterprises, Inc.

In other recent news, Insight Enterprises has announced its first-quarter earnings for 2025, revealing a mixed performance. The company reported earnings per share of $2.06, slightly above the forecast of $2.04, but its revenue of $2.1 billion fell short of the expected $2.19 billion. Despite the revenue shortfall, Insight Enterprises maintained a gross margin of 19.3%, an increase of 80 basis points from the previous year. The company held its Annual Meeting of Stockholders, where all ten director nominees were elected, and KPMG LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025.

Additionally, the advisory vote on executive compensation passed with significant support. Insight Enterprises continues to focus on AI-driven solutions and strategic investments, positioning itself as a leading solutions integrator. The company projects full-year adjusted diluted EPS between $9.70 and $10.10, anticipating stronger performance in the second half of the year. Management expects gross profit growth in the low single digits and a gross margin of approximately 20%. The company remains optimistic about the long-term drivers of its industry despite challenges in the current economic climate.

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