Latest news with #ValueActCapital
Business Wire
27-05-2025
- Business
- Business Wire
Insight Enterprises Purchases Approximately $80 Million Of Its Common Stock From ValueAct Capital
CHANDLER, Ariz.--(BUSINESS WIRE)-- Insight Enterprises, Inc. (Nasdaq: NSIT) (Insight) today announced that it has entered into a stock repurchase agreement with ValueAct Capital Master Fund, L.P. (ValueAct Capital) to buy 600,000 shares of its common stock at a price of approximately $126.86 per share, with a value totaling approximately $76 million. Insight's purchase of the shares was made as part of its existing $300 million stock repurchase program. 'Today's announcement reinforces our goal to optimize our capital structure and our business, while also creating substantial value for our shareholders.' stated Joyce Mullen, the Company's President and Chief Executive Officer. 'This also represents another step in our continuing relationship with ValueAct Capital that began in 2021.' 'This transaction is a testament to our continued close engagement with the Insight team' said Alex Baum, partner at ValueAct Capital. 'The sale of our shares back to the company enables ValueAct Capital to both help accelerate the capital return to shareholders and proportionally size our ownership stake for our revised role as an advisor to Insight during its transformation into the leading AI Solutions Integrator.' This news release is not an offer to sell nor a solicitation of any offer to buy any securities in any state or jurisdiction nor shall there be any sale of Insight's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Insight's securities may not be offered or sold in the United States absent registration under or any exemption from the registration requirements of the Securities Act of 1933, as amended. Any public offering of Insight's securities to be made in the United States will be made only by means of a registration statement that is filed with and declared effective by the Securities and Exchange Commission. About Insight Insight Enterprises is a leading Solutions Integrator that helps clients solve technology challenges by combining the right hardware, software, and services. We're a global Fortune 500 technology company with a network of over 6,000 partners and experts around the world who provide access to end-to-end IT capabilities. For more than 35 years, we have delivered and optimized technology solutions for our clients efficiently, effectively, and safely. We are rated as a Great Place to Work, a Forbes World's Best Employer, and a Fortune World's Best Workplace. Discover more at NSIT-F
Associated Press
27-05-2025
- Business
- Associated Press
Insight Enterprises Purchases Approximately $80 Million Of Its Common Stock From ValueAct Capital
CHANDLER, Ariz.--(BUSINESS WIRE)--May 27, 2025-- Insight Enterprises, Inc. (Nasdaq: NSIT) (Insight) today announced that it has entered into a stock repurchase agreement with ValueAct Capital Master Fund, L.P. (ValueAct Capital) to buy 600,000 shares of its common stock at a price of approximately $126.86 per share, with a value totaling approximately $76 million. Insight's purchase of the shares was made as part of its existing $300 million stock repurchase program. 'Today's announcement reinforces our goal to optimize our capital structure and our business, while also creating substantial value for our shareholders.' stated Joyce Mullen, the Company's President and Chief Executive Officer. 'This also represents another step in our continuing relationship with ValueAct Capital that began in 2021.' 'This transaction is a testament to our continued close engagement with the Insight team' said Alex Baum, partner at ValueAct Capital. 'The sale of our shares back to the company enables ValueAct Capital to both help accelerate the capital return to shareholders and proportionally size our ownership stake for our revised role as an advisor to Insight during its transformation into the leading AI Solutions Integrator.' This news release is not an offer to sell nor a solicitation of any offer to buy any securities in any state or jurisdiction nor shall there be any sale of Insight's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any jurisdiction. Insight's securities may not be offered or sold in the United States absent registration under or any exemption from the registration requirements of the Securities Act of 1933, as amended. Any public offering of Insight's securities to be made in the United States will be made only by means of a registration statement that is filed with and declared effective by the Securities and Exchange Commission. About Insight Insight Enterprises is a leading Solutions Integrator that helps clients solve technology challenges by combining the right hardware, software, and services. We're a global Fortune 500 technology company with a network of over 6,000 partners and experts around the world who provide access to end-to-end IT capabilities. For more than 35 years, we have delivered and optimized technology solutions for our clients efficiently, effectively, and safely. We are rated as a Great Place to Work, a Forbes World's Best Employer, and a Fortune World's Best Workplace. Discover more at NSIT-F View source version on CONTACT: Ryan Miyasato Investor Relations Tel. 408-975-8507 [email protected] KEYWORD: ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: DATA MANAGEMENT SEMICONDUCTOR SECURITY TECHNOLOGY SOFTWARE INTERNET HARDWARE SOURCE: Insight Enterprises, Inc. Copyright Business Wire 2025. PUB: 05/27/2025 09:15 AM/DISC: 05/27/2025 09:15 AM
Yahoo
15-05-2025
- Business
- Yahoo
ValueAct Capital's Strategic Moves: A Deep Dive into Meta Platforms Inc.
Warning! GuruFocus has detected 3 Warning Signs with JHG. ValueAct Capital (Trades, Portfolio) recently submitted its 13F filing for the first quarter of 2025, offering a glimpse into its strategic investment decisions during this period. ValueAct Capital (Trades, Portfolio), a firm with over two decades of experience, has made more than 100 core investments and its managers have served on 49 public company boards. The firm is known for its long-term investment approach, often holding positions for 3-5 years, and sometimes even a decade or more. According to its website, ValueAct Capital (Trades, Portfolio) emphasizes the importance of relationships with portfolio companies and the institutional investor community, focusing on long-term growth and integrity. The firm values openness, shared learning, and rewards, applying this philosophy to its portfolio companies. ValueAct Capital (Trades, Portfolio) added a total of two stocks to its portfolio this quarter: The most significant addition was Rocket Companies Inc (NYSE:RKT), with 6,728,509 shares, accounting for 1.77% of the portfolio and a total value of $81.21 million. The second largest addition was Nu Holdings Ltd (NYSE:NU), consisting of 3,416,200 shares, representing approximately 0.76% of the portfolio, with a total value of $34.98 million. ValueAct Capital (Trades, Portfolio) also increased its stakes in a total of five stocks: The most notable increase was in Meta Platforms Inc (NASDAQ:META), with an additional 803,374 shares, bringing the total to 1,014,874 shares. This adjustment represents a significant 379.85% increase in share count, a 10.11% impact on the current portfolio, with a total value of $584.93 million. The second largest increase was in Visa Inc (NYSE:V), with an additional 939,350 shares, bringing the total to 1,312,950. This adjustment represents a significant 251.43% increase in share count, with a total value of $460.14 million. ValueAct Capital (Trades, Portfolio) also reduced its position in four stocks. The most significant changes include: Reduced Toast Inc (NYSE:TOST) by 5,951,400 shares, resulting in a -69.62% decrease in shares and a -4.94% impact on the portfolio. The stock traded at an average price of $37.44 during the quarter and has returned 11.71% over the past 3 months and 24.09% year-to-date. Reduced Expedia Group Inc (NASDAQ:EXPE) by 900,250 shares, resulting in a -44.62% reduction in shares and a -3.82% impact on the portfolio. The stock traded at an average price of $182.16 during the quarter and has returned -17.70% over the past 3 months and -10.61% year-to-date. As of the first quarter of 2025, ValueAct Capital (Trades, Portfolio)'s portfolio included 14 stocks. The top holdings were 16.98% in Salesforce Inc (NYSE:CRM), 14.15% in The Walt Disney Co (NYSE:DIS), 13.3% in Insight Enterprises Inc (NASDAQ:NSIT), 12.77% in Meta Platforms Inc (NASDAQ:META), and 11.15% in Roblox Corp (NYSE:RBLX). The holdings are primarily concentrated in four of the 11 industries: Communication Services, Technology, Financial Services, and Consumer Cyclical. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Sign in to access your portfolio
South China Morning Post
11-02-2025
- Entertainment
- South China Morning Post
Who is Fast & Furious stalwart Jordana Brewster's husband, Mason Morfit?
Jordana Brewster and Mason Morfit, who began dating right after her separation from Andrew Form. Photo: @jordanabrewster/Instagram Fame and celebrity She was 27 when she married Form, which she later felt was really young, but she was in a rush at the time, she told Glamour. Brewster said they had drifted apart and were better off separated, per The Retaility, but she was ready to give love another chance and connected with investment firm boss Mason Morfit. They spent the pandemic together and a year after separating from Form, she was engaged to Morfit. 'Nice guy' Mason Morfit with wife Jordana Brewster. Photo: @jordanabrewster/Instagram Morfit, 49, is the co-CEO of ValueAct Capital, an investment firm based in San Francisco. He recently made headlines after ValueAct increased its stake in software company Salesforce to 3.9 million shares, worth US$1 billion. Known as one of the 'nice guys' in the business, Morfit married his Hollywood princess in 2022. Here's what we know about Brewster's prince charming. Mason Morfit represented Microsoft Mason Morfit served on Microsoft's board of directors for three years. Photo: @jordanabrewster/Instagram In 2020 Morfit became CEO of ValueAct Capital, the company at which he began working when he was 25. ValueAct Capital is an investment firm with assets of more than US$10 billion under management, as his biography states. According to the Financial Times, Morfit quickly earned a name for himself as a 'shareholder that companies which are going through change want to have on their share register'. Morfit also served on Microsoft's board of directors from 2014 to 2017. The Morfit-Brewster meet cute Mason Morfit and Jordana Brewster met through a mutual friend. Photo: @jordanabrewster/Instagram
