3,495 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased 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 disclosure with the Securities and Exchange Commission. The fund purchased 3,495 shares of the software maker's stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NSIT. Massachusetts Financial Services Co. MA purchased a new stake in Insight Enterprises in the 4th quarter valued at approximately $57,380,000. Norges Bank acquired a new position in shares of Insight Enterprises in the fourth quarter worth $47,585,000. Hennessy Advisors Inc. acquired a new position in shares of Insight Enterprises in the fourth quarter worth $39,242,000. Pacer Advisors Inc. lifted its position in shares of Insight Enterprises by 26.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock valued at $163,243,000 after acquiring an additional 225,283 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake 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 acquiring an additional 107,397 shares during the last quarter.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of recent research reports. Barrington Research reduced their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut 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 report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $185.00.

Insight Enterprises Trading Down 0.8%

NASDAQ:NSIT traded down $1.07 during mid-day trading on Wednesday, reaching $137.38. The company's stock had a trading volume of 87,006 shares, compared to its average volume of 316,911. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market cap of $4.39 billion, a P/E ratio of 21.06, a P/E/G ratio of 1.40 and a beta of 1.22. The company's fifty day simple moving average is $141.95 and its two-hundred day simple moving average is $155.42. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data 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. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm posted $2.37 EPS. The company's revenue was down 11.6% on a year-over-year basis. On average, equities analysts predict 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.