Janney Montgomery Scott LLC Invests $952,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

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

Several other institutional investors have also recently bought and sold shares of the stock. Opal Wealth Advisors LLC bought a new position in Insight Enterprises in the 1st quarter valued at $27,000. J.Safra Asset Management Corp lifted its stake in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after acquiring an additional 71 shares during the period. NewEdge Advisors LLC boosted its holdings in Insight Enterprises by 32.8% in 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 increased its position in Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings 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 purchasing an additional 374 shares during the last quarter.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $135.03 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19. The stock's fifty day moving average price is $134.20 and its two-hundred day moving average price is $148.17. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 27.01, a P/E/G ratio of 1.25 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the firm earned $2.37 EPS. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analyst Ratings Changes

NSIT has been the topic of several analyst reports. JPMorgan Chase & Co. cut 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 reaffirmed an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $185.00.

Insight Enterprises Profile

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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