Catalyst Capital Advisors LLC Invests $1.17 Million in Insight Enterprises, Inc. (NASDAQ:NSIT)

Catalyst Capital Advisors LLC purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,413 shares of the software maker's stock, valued at approximately $1,166,000.

Several other large investors have also added to or reduced their stakes in NSIT. BNP Paribas Financial Markets lifted its position in Insight Enterprises by 22.9% in the 1st quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker's stock valued at $7,036,000 after acquiring an additional 7,067 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Insight Enterprises during the 1st quarter worth approximately $431,000. Texas Permanent School Fund Corp lifted its position in shares of Insight Enterprises by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker's stock worth $4,496,000 after buying an additional 314 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Insight Enterprises by 249.8% during the 1st quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker's stock worth $1,214,000 after buying an additional 4,673 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Insight Enterprises during the 1st quarter worth approximately $209,000.

Insight Enterprises Stock Performance

Insight Enterprises stock traded up $4.50 during mid-day trading on Wednesday, reaching $174.50. The company's stock had a trading volume of 567,379 shares, compared to its average volume of 230,470. Insight Enterprises, Inc. has a 12-month low of $141.73 and a 12-month high of $228.07. The company has a market capitalization of $5.54 billion, a P/E ratio of 21.38, a PEG ratio of 1.50 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The firm's fifty day moving average price is $209.12 and its two-hundred day moving average price is $203.78.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same quarter in the prior year, the firm posted $2.37 earnings per share. The firm's quarterly revenue was down 7.9% on a year-over-year basis. Sell-side analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Insider Activity at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on NSIT. Barrington Research dropped their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target 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 stock a "hold" rating in a research note on Wednesday, July 17th.

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.