Ritholtz Wealth Management Increases Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Ritholtz Wealth Management raised its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,983 shares of the software maker’s stock after buying an additional 509 shares during the quarter. Ritholtz Wealth Management’s holdings in Insight Enterprises were worth $1,935,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NSIT. CANADA LIFE ASSURANCE Co increased its stake in Insight Enterprises by 17.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock valued at $5,050,000 after purchasing an additional 3,956 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Insight Enterprises by 288.2% during the second quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock worth $2,834,000 after acquiring an additional 10,608 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in shares of Insight Enterprises during the second quarter worth approximately $6,343,000. Capital International Investors purchased a new position in shares of Insight Enterprises during the first quarter worth approximately $33,765,000. Finally, BOKF NA purchased a new position in shares of Insight Enterprises during the second quarter worth approximately $622,000.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NSIT shares. Stifel Nicolaus raised their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. lowered their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a research report on Friday, September 20th.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $214.43 on Monday. Insight Enterprises, Inc. has a one year low of $139.34 and a one year high of $228.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. The business has a fifty day moving average of $206.68 and a two-hundred day moving average of $201.27. The company has a market cap of $6.98 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.36). The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period last year, the firm earned $2.56 EPS. As a group, analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.23% of the company’s stock.

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.