Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Wealth Enhancement Advisory Services LLC raised its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,182 shares of the software maker’s stock after buying an additional 107 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Insight Enterprises were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises in the second quarter valued at about $38,000. EntryPoint Capital LLC acquired a new position in shares of Insight Enterprises in the first quarter valued at about $89,000. GAMMA Investing LLC increased its holdings in shares of Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. increased its holdings in shares of Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares during the period. Finally, First Foundation Advisors acquired a new position in shares of Insight Enterprises in the first quarter valued at about $195,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NSIT. Stifel Nicolaus increased their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barrington Research cut their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th.

Insight Enterprises Stock Down 2.0 %

Insight Enterprises stock opened at $167.44 on Tuesday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48. Insight Enterprises, Inc. has a 52 week low of $141.73 and a 52 week high of $228.07. The business’s 50-day moving average price is $205.54 and its 200 day moving average price is $203.42. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last posted 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). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same period last year, the business earned $2.37 earnings per share. As a group, sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

Insiders Place Their Bets

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.23% of the stock is currently owned by company insiders.

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.