Tevis Investment Management Increases Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Tevis Investment Management increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,015 shares of the software maker’s stock after buying an additional 241 shares during the quarter. Tevis Investment Management’s holdings in Insight Enterprises were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in NSIT. Xponance Inc. increased its stake in Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock worth $419,000 after buying an additional 52 shares during the period. One Wealth Advisors LLC lifted its stake in shares of Insight Enterprises by 4.7% in the third quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after acquiring an additional 62 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in Insight Enterprises by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock valued at $764,000 after purchasing an additional 69 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Insight Enterprises by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock valued at $996,000 after purchasing an additional 77 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in Insight Enterprises by 7.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,567 shares of the software maker’s stock valued at $311,000 after purchasing an additional 104 shares in the last quarter.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $203.89 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19. Insight Enterprises, Inc. has a 12 month low of $139.34 and a 12 month high of $228.07. The company has a fifty day moving average price of $212.44 and a two-hundred day moving average price of $203.91. The company has a market cap of $6.64 billion, a PE ratio of 25.33, a P/E/G ratio of 1.63 and a beta of 1.45.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. Insight Enterprises’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 EPS. Research analysts expect that Insight Enterprises, Inc. will post 10.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on NSIT shares. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barrington Research reissued an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a research report on Friday, September 20th. Finally, Stifel Nicolaus lifted their price target on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th.

Insider Activity

In related news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.23% of the company’s stock.

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.