Nisa Investment Advisors LLC Purchases 400 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Nisa Investment Advisors LLC raised its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 25.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,942 shares of the software maker’s stock after purchasing an additional 400 shares during the period. Nisa Investment Advisors LLC’s holdings in Insight Enterprises were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. grew its holdings in Insight Enterprises by 40.2% during the third quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after purchasing an additional 105 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of Insight Enterprises by 182.6% during the third quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker’s stock worth $71,000 after acquiring an additional 314 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter worth $89,000. International Assets Investment Management LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter worth $94,000. Finally, Blue Trust Inc. lifted its position in shares of Insight Enterprises by 13.2% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock worth $97,000 after acquiring an additional 64 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have issued reports on NSIT. Barrington Research restated an “outperform” rating and set a $211.00 target price on shares of Insight Enterprises in a research report on Tuesday, March 5th. JPMorgan Chase & Co. increased their target price on Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Stifel Nicolaus increased their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday. Finally, StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insight Enterprises Trading Up 0.1 %

Shares of NSIT stock opened at $181.00 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. Insight Enterprises, Inc. has a 52-week low of $117.99 and a 52-week high of $194.57. The company has a market capitalization of $5.89 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.51. The business’s fifty day moving average is $185.17 and its 200 day moving average is $171.52.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the business posted $2.53 EPS. The company’s quarterly revenue was down 10.7% on a year-over-year basis. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 10.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the sale, the director now owns 5,800 shares in the company, valued at $1,073,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the transaction, the director now owns 5,800 shares of the company’s stock, valued at $1,073,696. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,918 shares of company stock worth $3,888,203. Corporate insiders own 1.23% of the company’s stock.

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.