International Assets Investment Management LLC Buys New Shares in Insight Enterprises, Inc. (NASDAQ:NSIT)

International Assets Investment Management LLC purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 532 shares of the software maker’s stock, valued at approximately $94,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of Insight Enterprises by 13.2% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after acquiring an additional 64 shares during the last quarter. Amalgamated Bank raised its stake in shares of Insight Enterprises by 0.6% during the 3rd quarter. Amalgamated Bank now owns 13,219 shares of the software maker’s stock worth $1,923,000 after purchasing an additional 73 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Insight Enterprises by 0.8% in the 4th quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker’s stock valued at $1,701,000 after buying an additional 77 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Insight Enterprises by 12.8% in the third quarter. Parkside Financial Bank & Trust now owns 887 shares of the software maker’s stock valued at $129,000 after buying an additional 101 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in Insight Enterprises by 1.4% during the third quarter. Arizona State Retirement System now owns 8,050 shares of the software maker’s stock worth $1,171,000 after buying an additional 109 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Barrington Research reissued an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, April 23rd. Stifel Nicolaus boosted their price target on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. raised their price objective on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

Insight Enterprises Stock Up 0.4 %

Shares of NSIT opened at $183.57 on Tuesday. The firm’s 50-day simple moving average is $184.69 and its 200 day simple moving average is $173.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market cap of $5.97 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. Insight Enterprises, Inc. has a 52 week low of $117.99 and a 52 week high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.06). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. Insight Enterprises’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 EPS. On average, analysts forecast that Insight Enterprises, Inc. will post 10.59 earnings per share for the current year.

Insider Transactions at Insight Enterprises

In related news, insider Samuel C. Cowley sold 7,278 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the sale, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard E. Allen sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the transaction, the director now owns 30,647 shares in the company, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is currently owned by corporate insiders.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.