F M Investments LLC Has $4.30 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

F M Investments LLC decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 67.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,243 shares of the software maker's stock after selling 58,036 shares during the quarter. F M Investments LLC owned approximately 0.09% of Insight Enterprises worth $4,296,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NSIT. Golden State Wealth Management LLC purchased a new stake in Insight Enterprises during the fourth quarter valued at about $32,000. R Squared Ltd purchased a new position in shares of Insight Enterprises in the fourth quarter worth $33,000. J.Safra Asset Management Corp raised its position in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Insight Enterprises by 25.8% during the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after buying an additional 139 shares in the last quarter.

Insight Enterprises Trading Up 0.3 %

NASDAQ:NSIT traded up $0.37 on Wednesday, hitting $133.66. 92,968 shares of the stock were exchanged, compared to its average volume of 307,671. The stock has a fifty day moving average of $152.16 and a 200-day moving average of $166.86. The stock has a market cap of $4.25 billion, a PE ratio of 20.50, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period in the prior year, the company earned $2.98 earnings per share. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of "Hold" and an average price target of $202.25.

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.