Blair William & Co. IL Has $330,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Blair William & Co. IL lowered its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 39.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,200 shares of the software maker’s stock after selling 1,455 shares during the quarter. Blair William & Co. IL’s holdings in Insight Enterprises were worth $330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises during the 1st quarter valued at approximately $27,000. Bessemer Group Inc. increased its position in Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 84 shares during the period. NewEdge Advisors LLC increased its position in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after purchasing an additional 63 shares during the period. Parallel Advisors LLC increased its position in Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker’s stock valued at $49,000 after purchasing an additional 95 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock valued at $63,000 after purchasing an additional 210 shares during the period.

Wall Street Analyst Weigh In

NSIT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Barrington Research reissued an “outperform” rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Monday, July 21st.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $123.82 on Tuesday. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 29.55, a price-to-earnings-growth ratio of 1.13 and a beta of 1.21. Insight Enterprises, Inc. has a 52 week low of $115.68 and a 52 week high of $225.38. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm has a 50 day moving average of $135.52 and a 200-day moving average of $143.39.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the business earned $2.46 EPS. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 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.