Legal & General Group Plc raised its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,059 shares of the software maker’s stock after buying an additional 7,090 shares during the quarter. Legal & General Group Plc owned 0.30% of Insight Enterprises worth $5,743,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of NSIT. Matarin Capital Management LLC purchased a new stake in shares of Insight Enterprises in the third quarter worth approximately $18,685,000. Man Group plc purchased a new stake in shares of Insight Enterprises in the third quarter worth approximately $11,900,000. BlackRock Inc. lifted its position in shares of Insight Enterprises by 4.1% in the third quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock worth $278,699,000 after purchasing an additional 201,482 shares in the last quarter. FMR LLC lifted its position in shares of Insight Enterprises by 33.3% in the third quarter. FMR LLC now owns 483,641 shares of the software maker’s stock worth $26,160,000 after purchasing an additional 120,810 shares in the last quarter. Finally, Chicago Equity Partners LLC lifted its position in shares of Insight Enterprises by 1,343.4% in the third quarter. Chicago Equity Partners LLC now owns 95,335 shares of the software maker’s stock worth $5,157,000 after purchasing an additional 88,730 shares in the last quarter. 97.94% of the stock is owned by institutional investors.
A number of equities analysts recently commented on the company. BidaskClub downgraded Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. Zacks Investment Research downgraded Insight Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. ValuEngine upgraded Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, B. Riley lowered their price target on Insight Enterprises from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, November 8th.
Shares of NSIT stock opened at $43.22 on Friday. Insight Enterprises, Inc. has a 12 month low of $32.10 and a 12 month high of $56.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.51 and a current ratio of 1.65. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 13.34 and a beta of 1.12.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.09). The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.84 billion. Insight Enterprises had a return on equity of 16.60% and a net margin of 1.83%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.73 EPS. On average, sell-side analysts anticipate that Insight Enterprises, Inc. will post 4.42 earnings per share for the current fiscal year.
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About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
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