Virtu Financial LLC Takes $414,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Posted by on Jul 24th, 2023

Virtu Financial LLC bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,899 shares of the software maker’s stock, valued at approximately $414,000.

Other institutional investors have also recently made changes to their positions in the company. Biltmore Wealth Management LLC acquired a new stake in Insight Enterprises in the 4th quarter valued at $760,651,000. Federated Hermes Inc. lifted its stake in Insight Enterprises by 40.2% in the 3rd quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock worth $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 worth $36,000 after purchasing an additional 116 shares in the last quarter. Mendota Financial Group LLC purchased a new position in Insight Enterprises in the 1st quarter worth approximately $68,000. 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 worth $75,000 after purchasing an additional 445 shares in the last quarter.

Insight Enterprises Stock Down 0.8 %

NSIT stock opened at $147.61 on Monday. The firm has a market cap of $4.91 billion, a PE ratio of 19.76, a PEG ratio of 1.15 and a beta of 1.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.21 and a current ratio of 1.30. The firm’s 50 day moving average price is $141.13 and its 200-day moving average price is $131.77. Insight Enterprises, Inc. has a one year low of $81.11 and a one year high of $151.95.

Insight Enterprises (NASDAQ:NSIT – Get Free Report) last released its quarterly earnings results on Tuesday, May 2nd. The software maker reported $1.78 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.06). Insight Enterprises had a net margin of 2.71% and a return on equity of 19.77%. The firm had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the firm posted $1.81 EPS. The firm’s quarterly revenue was down 12.3% compared to the same quarter last year. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.85 EPS for the current year.

Analyst Ratings Changes

NSIT has been the topic of a number of research reports. Barrington Research decreased their target price on shares of Insight Enterprises from $150.00 to $146.00 in a research note on Monday, May 8th. Stifel Nicolaus decreased their target price on shares of Insight Enterprises from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, April 21st. Finally, StockNews.com initiated coverage on shares of Insight Enterprises in a research note on Thursday, May 18th. They issued a “hold” rating on the stock.

About Insight Enterprises

(Free Report)

Insight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software services and solutions in the United States and internationally. The company's solution portfolio includes cloud enablement, data and AI, digital strategy, intelligent applications and edge, and IoT solutions, as well as digital transformation services.

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

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