Moran Wealth Management LLC Has $3.29 Million Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Moran Wealth Management LLC decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,288 shares of the software maker’s stock after selling 645 shares during the quarter. Moran Wealth Management LLC’s holdings in Insight Enterprises were worth $3,293,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Xponance Inc. raised its position in shares of Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after acquiring an additional 52 shares during the last quarter. Tevis Investment Management boosted its holdings in Insight Enterprises by 3.5% during the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after buying an additional 60 shares during the last quarter. One Wealth Advisors LLC grew its position in shares of Insight Enterprises by 4.7% during the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after buying an additional 62 shares during the period. Huntington National Bank increased its stake in shares of Insight Enterprises by 7.3% in the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after acquiring an additional 68 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its position in shares of Insight Enterprises by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after purchasing an additional 69 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Barrington Research cut their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Redburn Atlantic assumed coverage on Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Performance

Shares of NSIT opened at $149.95 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The firm has a fifty day simple moving average of $198.87 and a 200 day simple moving average of $201.85. The stock has a market capitalization of $4.76 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.31 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business’s revenue was down 7.9% on a year-over-year basis. During the same period last year, the business earned $2.37 EPS. Research analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

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.