Captrust Financial Advisors boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 218.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,670 shares of the software maker's stock after purchasing an additional 2,519 shares during the period. Captrust Financial Advisors' holdings in Insight Enterprises were worth $558,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of NSIT. Golden State Wealth Management LLC purchased a new stake in Insight Enterprises in the 4th quarter worth $32,000. R Squared Ltd bought a new stake in shares of Insight Enterprises in the 4th quarter worth about $33,000. J.Safra Asset Management Corp increased its holdings in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after buying an additional 71 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after buying an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 374 shares during the last quarter.
Analyst Ratings Changes
A number of research firms recently weighed in on NSIT. Barrington Research reissued an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a research report on Tuesday. JPMorgan Chase & Co. dropped their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $185.00.
Check Out Our Latest Stock Analysis on NSIT
Insight Enterprises Stock Performance
Shares of NASDAQ NSIT traded down $0.68 during mid-day trading on Friday, hitting $132.64. The stock had a trading volume of 55,864 shares, compared to its average volume of 322,678. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company has a 50 day moving average of $139.28 and a two-hundred day moving average of $153.02. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The firm has a market cap of $4.23 billion, a PE ratio of 20.34, a PEG ratio of 1.40 and a beta of 1.22.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.03. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter last year, the company posted $2.37 earnings per share. The firm's revenue was down 11.6% compared to the same quarter last year. Research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.
About Insight Enterprises
(
Free Report)
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.
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