Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by Romano Brothers AND Company

Romano Brothers AND Company lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 15.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,750 shares of the software maker’s stock after purchasing an additional 500 shares during the quarter. Romano Brothers AND Company’s holdings in Insight Enterprises were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Insight Enterprises during the second quarter valued at approximately $38,000. GAMMA Investing LLC increased its holdings in shares of 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 purchasing an additional 164 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Insight Enterprises in the first quarter worth approximately $89,000. Blue Trust Inc. grew its position in Insight Enterprises by 40.8% during 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 in the last quarter. Finally, Ausbil Investment Management Ltd purchased a new position in Insight Enterprises during the second quarter valued at approximately $195,000.

Insight Enterprises Trading Down 0.2 %

Shares of NSIT stock opened at $210.67 on Friday. Insight Enterprises, Inc. has a 12 month low of $139.34 and a 12 month high of $228.07. The company has a market cap of $6.87 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The business’s 50 day moving average is $212.19 and its two-hundred day moving average is $203.13.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The business’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.56 earnings per share. Equities analysts predict that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NSIT shares. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research restated an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a report on Friday, September 20th. 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, Stifel Nicolaus raised 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.

Insider Transactions at Insight Enterprises

In related 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 completion of the sale, 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 through this link. 1.23% of the stock is currently owned by corporate insiders.

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.