My Personal CFO LLC Acquires New Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

My Personal CFO LLC bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT – Get Rating) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 500 shares of the software maker’s stock, valued at approximately $50,000.

A number of other institutional investors also recently modified their holdings of the stock. Ellevest Inc. grew its stake in shares of Insight Enterprises by 2,441.7% in the 3rd quarter. Ellevest Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after buying an additional 293 shares in the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of Insight Enterprises by 179.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 310 shares of the software maker’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Insight Enterprises by 40.2% during the 3rd quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after acquiring an additional 105 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Insight Enterprises by 262.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 856 shares of the software maker’s stock valued at $71,000 after acquiring an additional 620 shares in the last quarter. Finally, Wipfli Financial Advisors LLC bought a new position in shares of Insight Enterprises in the 3rd quarter valued at approximately $85,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. StockNews.com initiated coverage on Insight Enterprises in a report on Thursday. They set a “hold” rating on the stock. Sidoti reiterated a “neutral” rating and issued a $127.00 target price on shares of Insight Enterprises in a research note on Monday, February 6th. Barrington Research boosted their target price on shares of Insight Enterprises from $125.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Finally, Stifel Nicolaus raised their price target on Insight Enterprises from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $131.25.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded down $1.47 on Friday, hitting $138.01. 731,116 shares of the company were exchanged, compared to its average volume of 311,780. The company’s 50 day moving average price is $122.96 and its two-hundred day moving average price is $103.75. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.27 and a current ratio of 1.36. Insight Enterprises, Inc. has a one year low of $81.11 and a one year high of $139.78.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last issued its quarterly earnings results on Thursday, February 9th. The software maker reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.13 by $0.40. Insight Enterprises had a return on equity of 19.98% and a net margin of 2.69%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period in the previous year, the company posted $2.03 earnings per share. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts expect that Insight Enterprises, Inc. will post 10 earnings per share for the current year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, Director Holdings L.P. Valueact purchased 22,026 shares of the firm’s stock in a transaction on Tuesday, February 14th. The shares were purchased at an average price of $126.63 per share, for a total transaction of $2,789,152.38. Following the completion of the purchase, the director now directly owns 4,443,977 shares of the company’s stock, valued at $562,740,807.51. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders bought 60,663 shares of company stock worth $7,759,175. 1.61% of the stock is owned by corporate insiders.

Insight Enterprises Profile

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Insight Enterprises, Inc is a global provider of information technology, services, and cloud solutions to worldwide enterprises, governments, schools, and healthcare organizations. It helps businesses define, architect, implement, and manage Intelligent Technology Solutions in North America, Europe, the Middle East, Africa, and Asia-Pacific.