Teza Capital Management LLC Buys Shares of 2,595 Insight Enterprises, Inc. (NASDAQ:NSIT)

Posted by on Mar 14th, 2023

Teza Capital Management LLC bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,595 shares of the software maker’s stock, valued at approximately $214,000.

Other large investors have also modified their holdings of the company. Ellevest Inc. boosted its position in shares of Insight Enterprises by 2,441.7% during the third quarter. Ellevest Inc. now owns 305 shares of the software maker’s stock valued at $25,000 after buying an additional 293 shares during the period. Ronald Blue Trust Inc. boosted its position in shares of Insight Enterprises by 179.3% during the third quarter. Ronald Blue Trust Inc. now owns 310 shares of the software maker’s stock valued at $27,000 after buying an additional 199 shares during the period. Federated Hermes Inc. boosted its position in shares of Insight Enterprises by 40.2% during the third quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after buying an additional 105 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Insight Enterprises by 262.7% during the third quarter. Quadrant Capital Group LLC now owns 856 shares of the software maker’s stock valued at $71,000 after buying an additional 620 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Insight Enterprises during the first quarter valued at approximately $107,000.

Insight Enterprises Stock Up 0.5 %

Shares of NASDAQ NSIT opened at $135.04 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.27 and a current ratio of 1.36. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 1.12 and a beta of 1.56. The stock has a 50 day moving average price of $120.16 and a 200 day moving average price of $102.54. Insight Enterprises, Inc. has a 52-week low of $81.11 and a 52-week high of $138.99.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last posted its earnings results on Thursday, February 9th. The software maker reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.40. The company had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.61 billion. Insight Enterprises had a return on equity of 19.98% and a net margin of 2.69%. Insight Enterprises’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.03 earnings per share. Sell-side analysts expect that Insight Enterprises, Inc. will post 10 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NSIT. Sidoti reiterated a “neutral” rating and issued a $127.00 price target on shares of Insight Enterprises in a report on Monday, February 6th. Barrington Research boosted their price target on Insight Enterprises from $125.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, February 10th.

Insiders Place Their Bets

In related news, Director Holdings L.P. Valueact bought 400 shares of the stock in a transaction on Tuesday, February 21st. The stock was bought at an average price of $129.95 per share, for a total transaction of $51,980.00. Following the completion of the acquisition, the director now directly owns 4,511,116 shares in the company, valued at $586,219,524.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 60,663 shares of company stock worth $7,759,175 over the last 90 days. Company insiders own 1.61% of the company’s stock.

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.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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