Axxcess Wealth Management LLC Buys Shares of 1,133 Insight Enterprises, Inc. (NASDAQ:NSIT)

Axxcess Wealth Management LLC bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) during the 3rd quarter, Holdings Channel.com reports. The fund bought 1,133 shares of the software maker’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NSIT. Janney Montgomery Scott LLC purchased a new position in Insight Enterprises in the first quarter valued at about $431,000. SG Americas Securities LLC grew its stake in Insight Enterprises by 249.8% in the first quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker’s stock valued at $1,214,000 after purchasing an additional 4,673 shares during the last quarter. ProShare Advisors LLC grew its stake in Insight Enterprises by 5.4% in the first quarter. ProShare Advisors LLC now owns 5,662 shares of the software maker’s stock valued at $1,050,000 after purchasing an additional 292 shares during the last quarter. Blair William & Co. IL boosted its holdings in Insight Enterprises by 67.3% in the first quarter. Blair William & Co. IL now owns 3,780 shares of the software maker’s stock worth $701,000 after acquiring an additional 1,520 shares in the last quarter. Finally, First Foundation Advisors acquired a new stake in Insight Enterprises in the first quarter worth about $195,000.

Insider Buying and Selling

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. The trade was a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

NSIT has been the subject of several recent analyst reports. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $152.63 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a fifty-two week low of $147.28 and a fifty-two week high of $228.07. The company has a market cap of $4.85 billion, a PE ratio of 19.20, a P/E/G ratio of 1.41 and a beta of 1.48. The business has a 50-day simple moving average of $202.79 and a two-hundred day simple moving average of $202.60.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $2.37 EPS. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Insight Enterprises Company Profile

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.