Cibc World Markets Corp acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,547 shares of the software maker's stock, valued at approximately $387,000.
Several other institutional investors also recently modified their holdings of NSIT. Golden State Wealth Management LLC bought a new position in Insight Enterprises in the fourth quarter worth $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $33,000. J.Safra Asset Management Corp lifted its holdings in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after acquiring an additional 374 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after acquiring an additional 139 shares during the period.
Insight Enterprises Price Performance
NSIT traded down $2.99 during midday trading on Tuesday, reaching $157.44. 73,338 shares of the company's stock were exchanged, compared to its average volume of 285,212. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $162.78 and a two-hundred day simple moving average of $174.78. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the prior year, the firm posted $2.98 earnings per share. As a group, research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.
About Insight Enterprises
(
Free Report)
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.
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