3,495 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,495 shares of the software maker’s stock, valued at approximately $532,000.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Insight Enterprises in the fourth quarter worth approximately $32,000. R Squared Ltd acquired a new stake in Insight Enterprises during the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp raised its holdings in Insight Enterprises by 40.8% during the 4th 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 during the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after purchasing an additional 374 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Insight Enterprises by 25.8% in the 4th 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.

Analyst Ratings Changes

Separately, Barrington Research cut 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 report on Friday. Three equities 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, the company presently has an average rating of “Hold” and a consensus target price of $202.25.

Insight Enterprises Trading Down 0.4 %

NASDAQ NSIT opened at $131.51 on Tuesday. The business’s fifty day moving average is $158.25 and its 200-day moving average is $170.60. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a one year low of $126.32 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $2.98 earnings per share. Equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS 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.