Equitable Trust Co. Takes $797,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Equitable Trust Co. acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,237 shares of the software maker's stock, valued at approximately $797,000.

Several other hedge funds also recently modified their holdings of NSIT. Golden State Wealth Management LLC bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $32,000. R Squared Ltd bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $33,000. Blue Trust Inc. grew its holdings in Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after purchasing an additional 139 shares during the period. KBC Group NV grew its holdings in Insight Enterprises by 71.6% during the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker's stock worth $179,000 after purchasing an additional 491 shares during the period. Finally, Coldstream Capital Management Inc. bought a new position in Insight Enterprises during the third quarter worth about $203,000.

Insight Enterprises Stock Performance

NSIT stock traded down $1.99 during mid-day trading on Friday, hitting $165.58. 410,638 shares of the company were exchanged, compared to its average volume of 390,818. The business has a 50 day simple moving average of $162.44 and a 200-day simple moving average of $183.42. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $5.26 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the firm earned $2.98 earnings per share. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.9 earnings per share for the current year.

Analyst Ratings Changes

NSIT has been the subject of a number of research analyst reports. Barrington Research reduced their price target on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Redburn Atlantic initiated coverage on Insight Enterprises in a report on Friday, November 15th. They set a "buy" rating and a $220.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Insight Enterprises has a consensus rating of "Hold" and a consensus price target of $212.50.

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.