Romano Brothers AND Company Purchases 100 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Romano Brothers AND Company boosted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,850 shares of the software maker’s stock after purchasing 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 also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after buying an additional 10,711 shares during the period. EULAV Asset Management raised its stake in shares of Insight Enterprises by 7.2% during the third quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock valued at $10,743,000 after acquiring an additional 3,359 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Insight Enterprises in the second quarter valued at approximately $682,000. Harbor Capital Advisors Inc. grew its stake in Insight Enterprises by 65.0% in the third quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock worth $5,078,000 after purchasing an additional 9,289 shares in the last quarter. Finally, Barclays PLC increased its holdings in Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after purchasing an additional 36,132 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NSIT. Redburn Atlantic began coverage on Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. 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 report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $166.05 on Monday. The firm’s fifty day simple moving average is $156.76 and its two-hundred day simple moving average is $188.68. The firm 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 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 earnings per share. Analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal 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.