1,054 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,054 shares of the software maker’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at approximately $38,000. EntryPoint Capital LLC acquired a new stake in shares of Insight Enterprises during the first quarter worth $89,000. GAMMA Investing LLC lifted its position in Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after acquiring an additional 164 shares in the last quarter. Blue Trust Inc. boosted its stake in Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after purchasing an additional 154 shares during the period. Finally, Ausbil Investment Management Ltd bought a new position in Insight Enterprises during the 2nd quarter worth about $195,000.

Analyst Ratings Changes

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

Insight Enterprises Trading Up 0.4 %

Shares of Insight Enterprises stock opened at $150.16 on Thursday. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $198.87 and its 200-day moving average is $201.85. The stock has a market cap of $4.77 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.32 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company 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%. Insight Enterprises’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.37 earnings per share. Equities research analysts predict that Insight Enterprises, Inc. will post 9.55 earnings per share 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.