Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Purchased by Lido Advisors LLC

Lido Advisors LLC raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 47.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,956 shares of the software maker’s stock after acquiring an additional 630 shares during the quarter. Lido Advisors LLC’s holdings in Insight Enterprises were worth $298,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Alberta Investment Management Corp acquired a new position in shares of Insight Enterprises during the fourth quarter worth about $2,494,000. Raymond James Financial Inc. purchased a new position in shares of Insight Enterprises during the 4th quarter worth approximately $532,000. Principal Financial Group Inc. raised its stake in shares of Insight Enterprises by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock worth $21,833,000 after buying an additional 1,653 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Insight Enterprises by 2.4% in the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock valued at $12,502,000 after buying an additional 1,925 shares during the period. Finally, New York Life Investment Management LLC acquired a new position in Insight Enterprises during the fourth quarter worth $449,000.

Insight Enterprises Stock Up 0.1 %

NSIT opened at $133.68 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The business’s fifty day moving average is $144.11 and its two-hundred day moving average is $158.33.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, topping the consensus estimate of $2.03 by $0.03. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm earned $2.37 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NSIT shares. JPMorgan Chase & Co. reduced their target price on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Barrington Research decreased their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $185.00.

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.