1,133 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 1,133 shares of the software maker’s stock, valued at approximately $244,000.

Other institutional investors have also added to or reduced their stakes in the company. Xponance Inc. boosted its position in shares of Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after acquiring an additional 52 shares during the last quarter. Tevis Investment Management boosted its position in shares of Insight Enterprises by 3.5% during the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after acquiring an additional 60 shares during the last quarter. One Wealth Advisors LLC boosted its position in shares of Insight Enterprises by 4.7% during the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after acquiring an additional 62 shares during the last quarter. Hanseatic Management Services Inc. boosted its position in shares of Insight Enterprises by 1.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock valued at $764,000 after acquiring an additional 69 shares during the last quarter. Finally, SummerHaven Investment Management LLC lifted its position in Insight Enterprises by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock worth $996,000 after buying an additional 77 shares during the last quarter.

Wall Street Analysts Forecast Growth

NSIT has been the subject of a number of analyst reports. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd.

Insight Enterprises Stock Down 3.3 %

Shares of NSIT opened at $152.63 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $202.79 and a 200 day moving average of $202.60. Insight Enterprises, Inc. has a 52-week low of $147.28 and a 52-week high of $228.07. The company has a market cap of $4.85 billion, a PE ratio of 19.20, a P/E/G ratio of 1.41 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results 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). 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 during the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter in the previous year, the business earned $2.37 EPS. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, sell-side analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. This trade represents a 11.92 % decrease in their ownership of the stock. 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, 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.