Northern Trust Corp Has $67.92 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Northern Trust Corp increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 16.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 446,526 shares of the software maker's stock after buying an additional 63,200 shares during the quarter. Northern Trust Corp owned 1.41% of Insight Enterprises worth $67,917,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NSIT. Tudor Investment Corp ET AL increased its holdings in shares of Insight Enterprises by 65.2% in the 4th quarter. Tudor Investment Corp ET AL now owns 61,136 shares of the software maker's stock valued at $9,299,000 after purchasing an additional 24,136 shares during the period. Aquatic Capital Management LLC increased its stake in Insight Enterprises by 376.3% in the 4th quarter. Aquatic Capital Management LLC now owns 15,719 shares of the software maker's stock valued at $2,391,000 after buying an additional 12,419 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Insight Enterprises by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,811 shares of the software maker's stock worth $3,318,000 after buying an additional 1,653 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Insight Enterprises during the 4th quarter valued at $357,000. Finally, Quantessence Capital LLC purchased a new position in shares of Insight Enterprises during the 4th quarter valued at $225,000.

Insight Enterprises Trading Up 0.1 %

Shares of NASDAQ:NSIT opened at $133.68 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.27 billion, a PE ratio of 20.50, a P/E/G 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 firm has a fifty day moving average price of $144.11 and a 200 day moving average price of $158.33.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly 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. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company posted $2.37 EPS. The firm's revenue was down 11.6% on a year-over-year basis. Analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barrington Research reduced their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. reduced their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.

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