World Investment Advisors LLC Buys Shares of 12,112 Insight Enterprises, Inc. (NASDAQ:NSIT)

World Investment Advisors LLC purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,112 shares of the software maker's stock, valued at approximately $2,609,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Blue Trust Inc. grew its holdings in Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock worth $99,000 after acquiring an additional 154 shares during the period. GAMMA Investing LLC grew its stake in shares of Insight Enterprises by 72.6% during the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock worth $168,000 after purchasing an additional 328 shares during the period. Coldstream Capital Management Inc. bought a new stake in Insight Enterprises in the third quarter valued at about $203,000. Ausbil Investment Management Ltd acquired a new position in Insight Enterprises in the second quarter valued at about $195,000. Finally, Huntington National Bank boosted its holdings in Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock worth $214,000 after buying an additional 68 shares during the last quarter.

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of recent analyst reports. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a "buy" rating and a $220.00 price objective for the company. Three investment 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 presently has an average rating of "Hold" and a consensus price target of $212.50.

Insight Enterprises Trading Down 2.5 %

Shares of Insight Enterprises stock traded down $4.04 during trading hours on Friday, hitting $158.94. The company's stock had a trading volume of 420,623 shares, compared to its average volume of 251,842. The company has a market capitalization of $5.05 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a 50 day moving average of $180.70 and a 200 day moving average of $196.28. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $2.37 earnings per share. Insight Enterprises's revenue for the quarter was down 7.9% compared to the same quarter last year. Analysts predict that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

Insight Enterprises 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.