Macquarie Group Ltd. decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 700 shares of the software maker’s stock after selling 400 shares during the quarter. Macquarie Group Ltd.’s holdings in Insight Enterprises were worth $29,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NSIT. NumerixS Investment Technologies Inc bought a new position in Insight Enterprises in the fourth quarter worth $40,000. Sun Life Financial INC bought a new position in Insight Enterprises in the fourth quarter worth $65,000. Quantamental Technologies LLC bought a new position in Insight Enterprises in the fourth quarter worth $137,000. Cigna Investments Inc. New bought a new position in Insight Enterprises in the fourth quarter worth $215,000. Finally, Hancock Whitney Corp bought a new position in Insight Enterprises in the fourth quarter worth $217,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
A number of research firms have issued reports on NSIT. BidaskClub upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective for the company in a report on Tuesday, February 19th. Finally, ValuEngine upgraded Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
NASDAQ NSIT opened at $57.12 on Friday. Insight Enterprises, Inc. has a 12 month low of $34.26 and a 12 month high of $59.66. The firm has a market capitalization of $2.04 billion, a PE ratio of 12.34 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.43 and a current ratio of 1.52.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, February 14th. The software maker reported $1.32 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.20. Insight Enterprises had a return on equity of 17.90% and a net margin of 2.30%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same period in the prior year, the firm posted $0.81 earnings per share. The company’s quarterly revenue was down 2.0% on a year-over-year basis. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 4.78 earnings per share for the current year.
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About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
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