Synovus Financial Corp Has $565,000 Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Synovus Financial Corp reduced its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,623 shares of the software maker’s stock after selling 262 shares during the quarter. Synovus Financial Corp’s holdings in Insight Enterprises were worth $565,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after purchasing an additional 10,711 shares during the last quarter. EULAV Asset Management raised its position in Insight Enterprises by 7.2% in the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock worth $10,743,000 after purchasing an additional 3,359 shares during the last quarter. Point72 DIFC Ltd bought a new position in Insight Enterprises in the 2nd quarter worth approximately $682,000. Harbor Capital Advisors Inc. raised its position in Insight Enterprises by 65.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock worth $5,078,000 after purchasing an additional 9,289 shares during the last quarter. Finally, BOKF NA bought a new position in Insight Enterprises in the 2nd quarter worth approximately $622,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. Barrington Research dropped their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $155.75 on Wednesday. The firm has a fifty day moving average of $179.53 and a two-hundred day moving average of $195.98. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.39 and a beta of 1.42. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. The business’s revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Insight Enterprises 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.