Xact Kapitalforvaltning AB boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 21.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,030 shares of the software maker’s stock after purchasing an additional 1,400 shares during the period. Xact Kapitalforvaltning AB’s holdings in Insight Enterprises were worth $327,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of NSIT. Matarin Capital Management LLC bought a new stake in Insight Enterprises in the 3rd quarter worth approximately $18,685,000. Man Group plc bought a new stake in Insight Enterprises in the 3rd quarter worth approximately $11,900,000. BlackRock Inc. grew its position in Insight Enterprises by 4.1% in the 3rd quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock worth $278,699,000 after purchasing an additional 201,482 shares during the period. Vanguard Group Inc grew its position in Insight Enterprises by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 3,761,007 shares of the software maker’s stock worth $203,432,000 after purchasing an additional 168,306 shares during the period. Finally, Vanguard Group Inc. grew its position in Insight Enterprises by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,761,007 shares of the software maker’s stock worth $203,432,000 after purchasing an additional 168,306 shares during the period. 99.49% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts have commented on NSIT shares. B. Riley cut their target price on shares of Insight Enterprises from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, November 8th. BidaskClub raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, December 22nd. Zacks Investment Research raised shares of Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Finally, ValuEngine raised shares of Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
Shares of Insight Enterprises stock opened at $54.72 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 16.89 and a beta of 1.13. The company has a quick ratio of 1.51, a current ratio of 1.65 and a debt-to-equity ratio of 0.27. Insight Enterprises, Inc. has a fifty-two week low of $33.10 and a fifty-two week high of $56.86.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 14th. The software maker reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.20. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.76 billion. Insight Enterprises had a net margin of 1.83% and a return on equity of 16.60%. Insight Enterprises’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.81 EPS. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 4.42 EPS for the current year.
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Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
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