Nomura Holdings Inc. Makes New $5.02 Million Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Nomura Holdings Inc. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,006 shares of the software maker's stock, valued at approximately $5,020,000. Nomura Holdings Inc. owned approximately 0.10% of Insight Enterprises as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Pacer Advisors Inc. lifted its stake in shares of Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after buying an additional 225,283 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after purchasing an additional 2,944 shares in the last quarter. Northern Trust Corp raised its stake in Insight Enterprises by 16.5% in the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock worth $67,917,000 after purchasing an additional 63,200 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Insight Enterprises in the 4th quarter worth about $57,380,000. Finally, Norges Bank acquired a new stake in Insight Enterprises in the 4th quarter worth about $47,585,000.

Analyst Ratings Changes

Several analysts have weighed in on NSIT shares. Barrington Research dropped their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Insight Enterprises has an average rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Price Performance

NSIT stock traded down $1.80 during mid-day trading on Monday, hitting $135.28. The stock had a trading volume of 253,941 shares, compared to its average volume of 321,854. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07. The firm has a market capitalization of $4.32 billion, a P/E ratio of 20.75, a P/E/G ratio of 1.40 and a beta of 1.22. The firm has a fifty day simple moving average of $140.69 and a 200 day simple moving average of $153.79.

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 2.87% and a return on equity of 18.95%. 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. As a group, research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.