Country Trust Bank Purchases 17,713 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Country Trust Bank grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 173,566 shares of the software maker’s stock after buying an additional 17,713 shares during the quarter. Country Trust Bank owned 0.55% of Insight Enterprises worth $26,399,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NSIT. R Squared Ltd bought a new stake in Insight Enterprises during the 4th quarter valued at about $33,000. Blue Trust Inc. increased its position in shares of Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after acquiring an additional 139 shares during the period. GAMMA Investing LLC raised its stake in shares of Insight Enterprises by 72.6% during the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker’s stock valued at $168,000 after acquiring an additional 328 shares in the last quarter. KBC Group NV boosted its holdings in shares of Insight Enterprises by 71.6% in the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock valued at $179,000 after purchasing an additional 491 shares during the period. Finally, Coldstream Capital Management Inc. bought a new position in Insight Enterprises in the third quarter worth approximately $203,000.

Insight Enterprises Stock Up 1.0 %

Insight Enterprises stock opened at $173.50 on Friday. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The business has a fifty day moving average of $159.90 and a two-hundred day moving average of $187.15. The firm has a market cap of $5.51 billion, a P/E ratio of 21.82, a P/E/G ratio of 1.36 and a beta of 1.42. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. Insight Enterprises’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.37 EPS. On average, analysts forecast that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NSIT shares. Redburn Atlantic began coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research decreased their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $212.50.

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.