Country Trust Bank Boosts Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Country Trust Bank grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,566 shares of the software maker’s stock after purchasing an additional 17,713 shares during the period. Country Trust Bank’s holdings in Insight Enterprises were worth $26,399,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NSIT. Baron Wealth Management LLC raised its stake in shares of Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock worth $239,000 after buying an additional 58 shares during the period. One Wealth Advisors LLC raised its position in Insight Enterprises by 4.7% during the third quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after acquiring an additional 62 shares during the period. Huntington National Bank lifted its holdings in Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after purchasing an additional 68 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after purchasing an additional 68 shares during the period. Finally, Romano Brothers AND Company increased its stake in shares of Insight Enterprises by 2.7% during the fourth 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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. 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 report on Friday, November 15th. They issued a “buy” rating and a $220.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $173.50 on Friday. The stock has a market capitalization of $5.51 billion, a P/E ratio of 21.82, a PEG ratio of 1.36 and a beta of 1.42. 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, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The company has a 50 day moving average price of $159.90 and a 200 day moving average price of $187.15.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $2.37 earnings per share. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

About Insight Enterprises

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.