GSA Capital Partners LLP Boosts Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

GSA Capital Partners LLP grew its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 333.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,938 shares of the software maker’s stock after buying an additional 7,644 shares during the quarter. GSA Capital Partners LLP’s holdings in Insight Enterprises were worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of Insight Enterprises by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock valued at $124,934,000 after buying an additional 2,944 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Insight Enterprises by 48.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after purchasing an additional 181,104 shares during the period. Northern Trust Corp lifted its position in Insight Enterprises by 16.5% during the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker’s stock valued at $67,917,000 after purchasing an additional 63,200 shares during the period. Norges Bank bought a new position in Insight Enterprises in the fourth quarter worth approximately $47,585,000. Finally, Wellington Management Group LLP raised its position in Insight Enterprises by 65.7% in the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock worth $41,188,000 after acquiring an additional 107,397 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on NSIT. Barrington Research reiterated an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th.

Insight Enterprises Stock Up 0.7%

Shares of NSIT stock opened at $146.66 on Wednesday. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.34 and a beta of 1.20. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company’s fifty day moving average price is $137.30 and its 200-day moving average price is $146.39. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The company’s revenue was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $2.37 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal 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.