Hsbc Holdings PLC Buys 2,459 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Hsbc Holdings PLC boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,688 shares of the software maker's stock after purchasing an additional 2,459 shares during the quarter. Hsbc Holdings PLC owned about 0.06% of Insight Enterprises worth $2,653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NSIT. Barclays PLC lifted its holdings in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker's stock worth $12,150,000 after acquiring an additional 36,132 shares during the period. World Investment Advisors LLC bought a new position in shares of Insight Enterprises in the third quarter worth about $2,609,000. Hennessy Advisors Inc. acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $39,242,000. Romano Brothers AND Company grew its holdings in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock valued at $586,000 after purchasing an additional 100 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Insight Enterprises by 25.8% during the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after purchasing an additional 139 shares in the last quarter.

Insight Enterprises Trading Down 1.1 %

NASDAQ NSIT traded down $1.50 on Tuesday, hitting $132.19. The company's stock had a trading volume of 33,289 shares, compared to its average volume of 310,011. The company's 50-day moving average is $144.11 and its 200 day moving average is $158.33. The firm has a market cap of $4.22 billion, a PE ratio of 20.24, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced 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. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. Insight Enterprises's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $2.37 EPS. As a group, analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NSIT. JPMorgan Chase & Co. decreased their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Barrington Research reduced their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Insight Enterprises currently has an average rating of "Hold" and an average 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.