Romano Brothers AND Company Grows Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Romano Brothers AND Company grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,850 shares of the software maker’s stock after buying an additional 100 shares during the period. Romano Brothers AND Company’s holdings in Insight Enterprises were worth $586,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSIT. Geode Capital Management LLC raised its stake in Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after buying an additional 10,711 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after acquiring an additional 85,428 shares in the last quarter. Hennessy Advisors Inc. purchased a new position in shares of Insight Enterprises in the 4th quarter worth about $39,242,000. Thrivent Financial for Lutherans grew its position in Insight Enterprises by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock valued at $41,474,000 after purchasing an additional 709 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Insight Enterprises by 14.6% during the 3rd quarter. Wellington Management Group LLP now owns 163,400 shares of the software maker’s stock valued at $35,195,000 after purchasing an additional 20,851 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on NSIT shares. Barrington Research dropped their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Redburn Atlantic initiated coverage on Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Trading Up 0.5 %

Shares of NSIT stock opened at $166.05 on Monday. The firm’s 50 day moving average is $156.76 and its 200 day moving average is $188.68. The stock has a market capitalization of $5.27 billion, a P/E ratio of 20.89, a P/E/G ratio of 1.25 and a beta of 1.42. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly 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 net margin of 3.42% and a return on equity of 19.71%. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm earned $2.37 earnings per share. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. Research analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share for the current 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.