Illinois Municipal Retirement Fund grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 61.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,410 shares of the software maker's stock after purchasing an additional 9,647 shares during the period. Illinois Municipal Retirement Fund owned about 0.08% of Insight Enterprises worth $3,865,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Insight Enterprises by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker's stock valued at $39,674,000 after buying an additional 21,876 shares in the last quarter. Alberta Investment Management Corp acquired a new position in shares of Insight Enterprises in the 4th quarter worth approximately $2,494,000. CIBC Asset Management Inc grew its holdings in shares of Insight Enterprises by 78.6% during the fourth quarter. CIBC Asset Management Inc now owns 2,861 shares of the software maker's stock worth $435,000 after purchasing an additional 1,259 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Insight Enterprises by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after acquiring an additional 1,653 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of Insight Enterprises by 42.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 14,031 shares of the software maker's stock valued at $2,134,000 after purchasing an additional 4,155 shares in the last quarter.
Insight Enterprises Stock Up 0.3 %
Shares of NSIT stock traded up $0.51 during trading on Friday, reaching $153.88. The company's stock had a trading volume of 574,263 shares, compared to its average volume of 385,971. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07. The business has a fifty day moving average price of $162.63 and a 200-day moving average price of $181.06. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating 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 period in the previous year, the business posted $2.98 earnings per share. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have weighed in on NSIT shares. Barrington Research dropped their price objective 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 assumed coverage on Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $212.50.
Read Our Latest Stock Report on NSIT
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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