Raymond James Financial Inc. Purchases New Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Raymond James Financial Inc. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,495 shares of the software maker's stock, valued at approximately $532,000.

Several other large investors also recently made changes to their positions in NSIT. Golden State Wealth Management LLC purchased a new stake in shares of Insight Enterprises during the 4th quarter valued at about $32,000. R Squared Ltd purchased a new stake in shares of Insight Enterprises during the fourth quarter valued at approximately $33,000. J.Safra Asset Management Corp lifted its position 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 position 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 stake 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 valued at $103,000 after purchasing an additional 139 shares during the period.

Analyst Ratings Changes

Separately, Barrington Research dropped their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Insight Enterprises has a consensus rating of "Hold" and an average target price of $202.25.

Remove Ads

Insight Enterprises Stock Down 0.2 %

Shares of NSIT traded down $0.29 during trading on Friday, reaching $134.39. The company's stock had a trading volume of 206,233 shares, compared to its average volume of 307,380. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 20.61, a P/E/G ratio of 1.40 and a beta of 1.31. 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 company has a fifty day moving average of $153.65 and a two-hundred day moving average of $167.94. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the firm earned $2.98 EPS. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.