Universal Beteiligungs und Servicegesellschaft mbH Takes $1.81 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 12,055 shares of the software maker's stock, valued at approximately $1,808,000.

Other hedge funds have also modified their holdings of the company. Forte Capital LLC ADV grew its stake in Insight Enterprises by 46.0% in the first quarter. Forte Capital LLC ADV now owns 20,122 shares of the software maker's stock valued at $3,018,000 after purchasing an additional 6,342 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Insight Enterprises by 14.3% in the first quarter. Verdence Capital Advisors LLC now owns 1,603 shares of the software maker's stock valued at $240,000 after purchasing an additional 200 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Insight Enterprises by 48.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after purchasing an additional 181,104 shares in the last quarter. Xponance Inc. grew its stake in Insight Enterprises by 4.3% in the first quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock valued at $342,000 after purchasing an additional 94 shares in the last quarter. Finally, Sage Rhino Capital LLC bought a new position in Insight Enterprises in the first quarter valued at approximately $220,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barrington Research reaffirmed an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th.

Insight Enterprises Stock Performance

NASDAQ:NSIT traded up $1.82 during mid-day trading on Friday, hitting $120.40. 665,084 shares of the stock were exchanged, compared to its average volume of 255,160. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.21. The firm's 50-day simple moving average is $136.99 and its 200 day simple moving average is $145.67. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.19 and a current ratio of 1.29. Insight Enterprises, Inc. has a fifty-two week low of $118.30 and a fifty-two week high of $225.38.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. Insight Enterprises's revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS 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.