Russell Investments Group Ltd. Acquires 8,641 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Russell Investments Group Ltd. increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Get Rating) by 669.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,932 shares of the software maker’s stock after purchasing an additional 8,641 shares during the period. Russell Investments Group Ltd.’s holdings in Insight Enterprises were worth $996,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Federated Hermes Inc. lifted 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 purchasing an additional 105 shares in the last quarter. Ronald Blue Trust Inc. lifted its stake in Insight Enterprises by 37.4% in the 4th quarter. Ronald Blue Trust Inc. now owns 426 shares of the software maker’s stock valued at $36,000 after acquiring an additional 116 shares in the last quarter. My Personal CFO LLC bought a new stake in Insight Enterprises in the 4th quarter valued at approximately $50,000. Quadrant Capital Group LLC lifted its stake in 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, Ellevest Inc. lifted its stake in Insight Enterprises by 145.9% in the 4th quarter. Ellevest Inc. now owns 750 shares of the software maker’s stock valued at $75,000 after acquiring an additional 445 shares in the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of several research reports. Barrington Research cut their target price on Insight Enterprises from $150.00 to $146.00 in a research note on Monday, May 8th. Stifel Nicolaus decreased their target price on Insight Enterprises from $150.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, April 21st. StockNews.com assumed coverage on Insight Enterprises in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Sidoti reissued a “neutral” rating and set a $127.00 target price on shares of Insight Enterprises in a report on Monday, February 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $127.75.

Insight Enterprises Trading Up 1.5 %

NASDAQ NSIT opened at $132.94 on Friday. The business has a 50 day simple moving average of $132.03 and a 200 day simple moving average of $118.90. Insight Enterprises, Inc. has a one year low of $81.11 and a one year high of $144.84. The stock has a market capitalization of $4.42 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.03 and a beta of 1.56. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.30 and a quick ratio of 1.21.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last announced its quarterly earnings results on Tuesday, May 2nd. The software maker reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.06). The firm had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.57 billion. Insight Enterprises had a return on equity of 19.77% and a net margin of 2.71%. The firm’s revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.81 EPS. Research analysts expect that Insight Enterprises, Inc. will post 9.85 earnings per share for the current year.

About Insight Enterprises

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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.