Russell Investments Group Ltd. Increases Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Russell Investments Group Ltd. increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,518 shares of the software maker’s stock after acquiring an additional 1,358 shares during the period. Russell Investments Group Ltd.’s holdings in Insight Enterprises were worth $1,448,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alberta Investment Management Corp bought a new position in Insight Enterprises in the 4th quarter valued at $2,494,000. Raymond James Financial Inc. purchased a new stake in Insight Enterprises during the fourth quarter worth about $532,000. Principal Financial Group Inc. raised its position in Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock worth $21,833,000 after acquiring an additional 1,653 shares during the period. Rhumbline Advisers boosted its stake in Insight Enterprises by 2.4% in the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock valued at $12,502,000 after acquiring an additional 1,925 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $449,000.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NSIT shares. Barrington Research dropped their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $185.00.

Insight Enterprises Price Performance

NSIT stock opened at $133.35 on Friday. The firm has a 50 day simple moving average of $150.11 and a two-hundred day simple moving average of $165.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market cap of $4.24 billion, a PE ratio of 20.45, a P/E/G ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period in the previous year, the firm earned $2.98 EPS. On average, analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.