KBC Group NV Acquires 11,357 Shares of Insight Enterprises, Inc. (NSIT)
KBC Group NV grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,620 shares of the software maker’s stock after acquiring an additional 11,357 shares during the quarter. KBC Group NV owned 0.13% of Insight Enterprises worth $2,095,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its stake in Insight Enterprises by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after purchasing an additional 385 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Insight Enterprises in the third quarter valued at about $156,000. CIBC Asset Management Inc acquired a new position in Insight Enterprises in the third quarter valued at about $205,000. Eqis Capital Management Inc. acquired a new position in Insight Enterprises in the third quarter valued at about $211,000. Finally, Amalgamated Bank acquired a new position in Insight Enterprises in the third quarter valued at about $223,000. 97.19% of the stock is owned by institutional investors.
Insight Enterprises, Inc. (NSIT) opened at $36.74 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 1.84. The company has a market capitalization of $1,315.01, a PE ratio of 11.66 and a beta of 1.56. Insight Enterprises, Inc. has a 52 week low of $35.26 and a 52 week high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. sell-side analysts forecast that Insight Enterprises, Inc. will post 3.22 EPS for the current year.
NSIT has been the subject of a number of analyst reports. B. Riley reaffirmed a “buy” rating and issued a $56.00 price target (up previously from $54.50) on shares of Insight Enterprises in a research note on Wednesday, November 8th. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Zacks Investment Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.00.
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Insight Enterprises Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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