United Services Automobile Association acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,620 shares of the software maker’s stock, valued at approximately $436,000.
Several other large investors also recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new position in Insight Enterprises during the first quarter worth $123,000. State of Alaska Department of Revenue raised its position in Insight Enterprises by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,920 shares of the software maker’s stock worth $161,000 after buying an additional 80 shares during the last quarter. Mason Street Advisors LLC raised its position in Insight Enterprises by 7.0% in the first quarter. Mason Street Advisors LLC now owns 8,298 shares of the software maker’s stock worth $341,000 after buying an additional 545 shares during the last quarter. Suntrust Banks Inc. raised its position in Insight Enterprises by 3.3% in the first quarter. Suntrust Banks Inc. now owns 8,812 shares of the software maker’s stock worth $361,000 after buying an additional 281 shares during the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new position in Insight Enterprises during the first quarter worth $477,000. Institutional investors own 97.86% of the company’s stock.
Shares of Insight Enterprises, Inc. (NSIT) traded down 1.21% on Friday, reaching $40.78. The company’s stock had a trading volume of 122,525 shares. The firm’s 50 day moving average is $41.36 and its 200-day moving average is $41.52. Insight Enterprises, Inc. has a 52-week low of $24.23 and a 52-week high of $53.19. The stock has a market cap of $1.46 billion, a P/E ratio of 16.09 and a beta of 1.64.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.27. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Insight Enterprises had a return on equity of 14.68% and a net margin of 1.58%. The business’s revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. On average, equities research analysts forecast that Insight Enterprises, Inc. will post $3.08 EPS for the current year.
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A number of research firms recently weighed in on NSIT. B. Riley reissued a “neutral” rating and set a $44.00 target price on shares of Insight Enterprises in a report on Tuesday, May 2nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Insight Enterprises in a report on Thursday, May 4th. Zacks Investment Research raised Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. BidaskClub lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Stifel Nicolaus upped their price objective on Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.67.
In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $42.00, for a total value of $165,732.00. Following the sale, the chief financial officer now directly owns 39,643 shares in the company, valued at $1,665,006. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.23% of the company’s stock.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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