6,347 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,347 shares of the software maker's stock, valued at approximately $952,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC purchased a new position in shares of Insight Enterprises in the 1st quarter valued at $27,000. J.Safra Asset Management Corp grew its position 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 lifted its position in Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after acquiring an additional 63 shares during the last quarter. Parallel Advisors LLC boosted its stake in Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after acquiring an additional 95 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Insight Enterprises by 287.7% during 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.

Insight Enterprises Price Performance

NSIT stock traded up $1.10 during mid-day trading on Thursday, reaching $143.86. The company's stock had a trading volume of 273,504 shares, compared to its average volume of 373,342. The stock has a market cap of $4.59 billion, a PE ratio of 28.77, a P/E/G ratio of 1.31 and a beta of 1.20. The company's 50 day moving average is $134.70 and its two-hundred day moving average is $147.94. 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 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60.

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, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the prior year, the business earned $2.37 EPS. The firm's quarterly revenue was down 11.6% on a year-over-year basis. Equities research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

NSIT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barrington Research reiterated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research note on Tuesday, May 20th. Three 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 presently has a consensus rating of "Hold" and an average price target of $185.00.

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.