Captrust Financial Advisors Purchases 2,519 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Captrust Financial Advisors lifted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 218.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,670 shares of the software maker’s stock after acquiring an additional 2,519 shares during the quarter. Captrust Financial Advisors’ holdings in Insight Enterprises were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Insight Enterprises by 90.1% during the 4th quarter. BNP Paribas Financial Markets now owns 49,426 shares of the software maker’s stock worth $7,518,000 after acquiring an additional 23,425 shares during the period. Aristotle Capital Boston LLC boosted its stake in Insight Enterprises by 11.4% in the 4th quarter. Aristotle Capital Boston LLC now owns 113,607 shares of the software maker’s stock worth $17,280,000 after purchasing an additional 11,627 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Insight Enterprises by 62.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,864 shares of the software maker’s stock worth $1,957,000 after purchasing an additional 4,931 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Insight Enterprises in the 4th quarter worth about $732,000. Finally, Lido Advisors LLC boosted its stake in Insight Enterprises by 47.5% in the 4th quarter. Lido Advisors LLC now owns 1,956 shares of the software maker’s stock worth $298,000 after purchasing an additional 630 shares during the period.

Wall Street Analyst Weigh In

NSIT has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Barrington Research cut their target price on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $185.00.

Insight Enterprises Stock Performance

Shares of NSIT opened at $137.08 on Monday. The company has a market cap of $4.38 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The stock has a 50-day moving average price of $140.69 and a 200-day moving average price of $153.79. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $2.37 EPS. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

About Insight Enterprises

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.