Romano Brothers AND Company Has $603,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Romano Brothers AND Company boosted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 32.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,250 shares of the software maker’s stock after acquiring an additional 800 shares during the period. Romano Brothers AND Company’s holdings in Insight Enterprises were worth $603,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Insight Enterprises by 6.4% during the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after purchasing an additional 245,814 shares during the period. Capital World Investors grew its position in shares of Insight Enterprises by 3.5% during the 4th quarter. Capital World Investors now owns 1,682,004 shares of the software maker’s stock worth $298,034,000 after buying an additional 56,715 shares during the period. Fiduciary Management Inc. WI increased its stake in shares of Insight Enterprises by 2.8% in the 4th quarter. Fiduciary Management Inc. WI now owns 791,752 shares of the software maker’s stock valued at $140,291,000 after acquiring an additional 21,501 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of Insight Enterprises by 53.1% in the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after acquiring an additional 247,049 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Insight Enterprises by 3.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after acquiring an additional 23,085 shares during the period.

Insight Enterprises Stock Performance

Shares of NSIT opened at $198.36 on Friday. The firm has a market cap of $6.46 billion, a P/E ratio of 24.95, a PEG ratio of 1.53 and a beta of 1.50. Insight Enterprises, Inc. has a twelve month low of $131.59 and a twelve month high of $212.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.27. The firm’s 50 day moving average price is $198.04 and its two-hundred day moving average price is $188.71.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $1.78 earnings per share. On average, analysts forecast that Insight Enterprises, Inc. will post 10.78 EPS for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, CEO Joyce A. Mullen sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the completion of the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the sale, the chief executive officer now owns 40,807 shares of the company’s stock, valued at approximately $8,205,471.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Adrian P. Gregory sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total value of $538,532.50. Following the transaction, the insider now directly owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The disclosure for this sale can be found here. Insiders have sold 462,750 shares of company stock valued at $89,169,833 in the last 90 days. 1.23% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

NSIT has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research note on Monday, April 15th. StockNews.com upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Thursday. Barrington Research raised their price objective on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. boosted their target price on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd.

About Insight Enterprises

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.