NBC Securities Inc. Boosts Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

NBC Securities Inc. boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 134,233.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,030 shares of the software maker's stock after acquiring an additional 4,027 shares during the period. NBC Securities Inc.'s holdings in Insight Enterprises were worth $604,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA purchased a new position in shares of Insight Enterprises during the 4th quarter worth $57,380,000. Norges Bank purchased a new position in shares of Insight Enterprises during the 4th quarter valued at $47,585,000. GAMMA Investing LLC boosted its holdings in Insight Enterprises by 42,674.8% in the first quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock worth $259,840,000 after purchasing an additional 172,833 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after buying an additional 107,397 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in Insight Enterprises in the fourth quarter valued at about $15,220,000.

Insight Enterprises Stock Up 1.2%

Shares of NSIT traded up $1.59 during trading hours on Friday, hitting $133.82. The company had a trading volume of 195,546 shares, compared to its average volume of 325,515. The firm has a fifty day moving average price of $134.41 and a 200-day moving average price of $150.78. 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 stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 20.52, a P/E/G ratio of 1.40 and a beta of 1.20. Insight Enterprises, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NSIT shares. Barrington Research reiterated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a report on Tuesday, May 20th. JPMorgan Chase & Co. dropped their target price on shares of 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 analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Insight Enterprises currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Company 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.