Bank of Montreal Can Buys 204 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Bank of Montreal Can increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,993 shares of the software maker’s stock after purchasing an additional 204 shares during the period. Bank of Montreal Can’s holdings in Insight Enterprises were worth $759,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Baron Wealth Management LLC grew its stake in Insight Enterprises by 3.8% in the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock worth $239,000 after acquiring an additional 58 shares in the last quarter. J.Safra Asset Management Corp increased its holdings in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares during the period. Cornerstone Investment Partners LLC raised its stake in Insight Enterprises by 5.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock worth $209,000 after buying an additional 75 shares in the last quarter. Romano Brothers AND Company boosted its position in Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock valued at $586,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings 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 valued at $103,000 after acquiring an additional 139 shares during the period.

Insight Enterprises Trading Up 0.0 %

Shares of NASDAQ:NSIT opened at $133.35 on Friday. The business’s 50-day moving average is $150.11 and its 200 day moving average is $165.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07. The firm has a market capitalization of $4.24 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data 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 quarter in the prior year, the company earned $2.98 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NSIT shares. Barrington Research decreased their price objective on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $185.00.

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.