Northern Trust Corp Has $67.92 Million Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Northern Trust Corp grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.5% in the 4th quarter, Holdings Channel reports. The fund owned 446,526 shares of the software maker’s stock after purchasing an additional 63,200 shares during the quarter. Northern Trust Corp’s holdings in Insight Enterprises were worth $67,917,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Baron Wealth Management LLC boosted its holdings in Insight Enterprises by 3.8% in the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after purchasing an additional 58 shares during the period. NewEdge Advisors LLC grew its position in Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock worth $39,000 after buying an additional 63 shares in the last quarter. J.Safra Asset Management Corp increased its stake in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after acquiring an additional 71 shares during the period. Cornerstone Investment Partners LLC lifted its position in shares of Insight Enterprises by 5.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock worth $209,000 after acquiring an additional 75 shares during the period. Finally, Romano Brothers AND Company grew its holdings in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after purchasing an additional 100 shares in the last quarter.

Insight Enterprises Trading Up 0.1 %

Shares of NSIT opened at $133.68 on Tuesday. The stock has a fifty day moving average price of $144.11 and a two-hundred day moving average price of $158.33. 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 52-week low of $126.10 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (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 the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company earned $2.37 EPS. The firm’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barrington Research decreased their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their price objective on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus 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.