Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by One Wealth Advisors LLC

One Wealth Advisors LLC increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,379 shares of the software maker’s stock after buying an additional 62 shares during the quarter. One Wealth Advisors LLC’s holdings in Insight Enterprises were worth $297,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises in the second quarter worth about $38,000. GAMMA Investing LLC lifted its holdings in Insight Enterprises by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Insight Enterprises in the 1st quarter valued at about $89,000. Blue Trust Inc. lifted its holdings in Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in Insight Enterprises in the 2nd quarter valued at about $195,000.

Analysts Set New Price Targets

A number of brokerages have weighed in on NSIT. Stifel Nicolaus upped their price target on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Barrington Research reissued an “outperform” rating and issued a $225.00 price target on shares of Insight Enterprises in a report on Friday, September 20th. JPMorgan Chase & Co. cut their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th.

Insider Activity

In other news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now owns 5,460 shares in the company, valued at $1,124,923.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.23% of the stock is owned by corporate insiders.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $222.29 on Friday. The stock’s 50-day moving average price is $209.83 and its two-hundred day moving average price is $202.04. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $7.24 billion, a PE ratio of 27.96, a PEG ratio of 1.75 and a beta of 1.45. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data 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 company 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%. Insight Enterprises’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.56 EPS. On average, analysts predict that Insight Enterprises, Inc. will post 10.68 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.