New Age Alpha Advisors LLC Invests $432,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

New Age Alpha Advisors LLC acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,840 shares of the software maker's stock, valued at approximately $432,000.

Several other large investors have also made changes to their positions in NSIT. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises in the 4th quarter valued at $32,000. R Squared Ltd purchased a new position in Insight Enterprises in the fourth quarter valued at about $33,000. J.Safra Asset Management Corp lifted its stake in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after purchasing an additional 71 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after buying an additional 139 shares during the period.

Insight Enterprises Stock Down 3.6 %

NSIT stock traded down $4.94 during trading on Friday, reaching $132.04. The stock had a trading volume of 722,859 shares, compared to its average volume of 303,172. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average price of $159.06 and a 200 day moving average price of $171.18. The company has a market capitalization of $4.20 billion, a P/E ratio of 20.25, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 1-year low of $128.01 and a 1-year high of $228.07.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly 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 period in the previous year, the business earned $2.98 EPS. On average, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Barrington Research dropped their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $202.25.

About Insight Enterprises

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.