Royce & Associates LP Has $6.06 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Royce & Associates LP trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,142 shares of the software maker’s stock after selling 516 shares during the quarter. Royce & Associates LP’s holdings in Insight Enterprises were worth $6,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NSIT. CANADA LIFE ASSURANCE Co boosted its holdings in Insight Enterprises by 17.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock valued at $5,050,000 after acquiring an additional 3,956 shares during the period. Harbor Capital Advisors Inc. boosted its stake in Insight Enterprises by 288.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock valued at $2,834,000 after purchasing an additional 10,608 shares during the period. Point72 DIFC Ltd acquired a new stake in Insight Enterprises in the 2nd quarter valued at approximately $682,000. Silver Lake Advisory LLC bought a new position in Insight Enterprises in the 2nd quarter worth approximately $6,343,000. Finally, Capital International Investors acquired a new position in shares of Insight Enterprises during the first quarter worth approximately $33,765,000.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on NSIT shares. Redburn Atlantic began coverage on shares of Insight Enterprises in a research note on Friday. They set a “buy” rating and a $220.00 target price for the company. JPMorgan Chase & Co. decreased their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barrington Research lowered their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $151.50 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a 50-day moving average price of $201.83 and a 200 day moving average price of $202.73. The firm has a market capitalization of $4.81 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48. Insight Enterprises, Inc. has a 12-month low of $147.28 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 earnings per share. Research analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Insight Enterprises Company 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.