Wolverine Trading LLC Invests $479,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

Wolverine Trading LLC acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 3rd quarter, Holdings Channel reports. The firm acquired 2,248 shares of the software maker’s stock, valued at approximately $479,000.

Other institutional investors also recently modified their holdings of the company. EULAV Asset Management increased its stake in shares of Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock worth $10,743,000 after purchasing an additional 3,359 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of Insight Enterprises during the 2nd quarter worth about $682,000. Harbor Capital Advisors Inc. increased its stake in shares of Insight Enterprises by 65.0% during the 3rd 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 during the last quarter. BOKF NA acquired a new position in shares of Insight Enterprises during the 2nd quarter worth about $622,000. Finally, Quest Partners LLC increased its stake in shares of Insight Enterprises by 646.4% during the 2nd quarter. Quest Partners LLC now owns 5,568 shares of the software maker’s stock worth $1,104,000 after purchasing an additional 4,822 shares during the last quarter.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of research reports. Barrington Research decreased their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Down 2.5 %

Shares of NSIT opened at $158.94 on Friday. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The firm has a market cap of $5.05 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. The firm’s 50-day simple moving average is $180.70 and its 200 day simple moving average is $196.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter in the previous year, the company earned $2.37 EPS. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, analysts forecast that Insight Enterprises, Inc. will post 9.55 earnings per share for the current 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.