Insight Enterprises (NSIT) announced it has entered into a stock repurchase agreement with ValueAct Capital Master Fund to buy 600K shares of its common stock at approximately $126.86 per share, totaling approximately $76M. Insight stated the purchase was made as part of its existing $300M stock repurchase program. CEO Joyce Mullen commented the move optimizes capital structure and creates shareholder value, also representing a continuing relationship with ValueAct Capital.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NSIT:
- Insight Enterprises Holds Annual Stockholders Meeting
- Insight Enterprises participates in a conference call with JPMorgan
- Insight Enterprises Reports Challenging Q1 2025 Results
- Insight Enterprises Inc. Earnings Call: Mixed Results and Optimistic Outlook
- Insight Enterprises management to meet virtually with Barrington