Macquarie Group Ltd. Acquires Shares of 2,200 Insight Enterprises, Inc. (NSIT)
Macquarie Group Ltd. acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,200 shares of the software maker’s stock, valued at approximately $108,000.
Other hedge funds have also modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in Insight Enterprises during the second quarter valued at $331,000. Dynamic Technology Lab Private Ltd acquired a new position in Insight Enterprises during the second quarter valued at $500,000. 6 Meridian acquired a new position in Insight Enterprises during the second quarter valued at $276,000. BlueMountain Capital Management LLC lifted its position in Insight Enterprises by 56.3% during the second quarter. BlueMountain Capital Management LLC now owns 14,108 shares of the software maker’s stock valued at $690,000 after purchasing an additional 5,079 shares during the period. Finally, Citadel Advisors LLC lifted its position in Insight Enterprises by 22.1% during the second quarter. Citadel Advisors LLC now owns 99,587 shares of the software maker’s stock valued at $4,872,000 after purchasing an additional 17,999 shares during the period. 95.05% of the stock is currently owned by institutional investors.
A number of research analysts recently issued reports on NSIT shares. B. Riley boosted their target price on shares of Insight Enterprises from $58.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. BidaskClub downgraded shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 4th.
NASDAQ NSIT opened at $49.09 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 15.15 and a beta of 1.28. Insight Enterprises, Inc. has a 1 year low of $32.10 and a 1 year high of $56.86. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 1.28.
Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Wednesday, August 1st. The software maker reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.19. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.84 billion. Insight Enterprises had a net margin of 1.69% and a return on equity of 16.42%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.14 earnings per share. On average, equities analysts predict that Insight Enterprises, Inc. will post 4.54 EPS for the current fiscal year.
About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
Featured Story: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT).
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.