Amalgamated Bank Takes $223,000 Position in Insight Enterprises, Inc. (NSIT)

Amalgamated Bank bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,848 shares of the software maker’s stock, valued at approximately $223,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Royce & Associates LP purchased a new stake in shares of Insight Enterprises during the 2nd quarter valued at $20,437,000. Thrivent Financial For Lutherans grew its stake in shares of Insight Enterprises by 1,112.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock valued at $17,642,000 after buying an additional 404,777 shares during the period. Paradigm Capital Management Inc. NY grew its stake in shares of Insight Enterprises by 59.3% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 481,514 shares of the software maker’s stock valued at $19,256,000 after buying an additional 179,214 shares during the period. BlackRock Inc. grew its stake in shares of Insight Enterprises by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock valued at $186,642,000 after buying an additional 143,348 shares during the period. Finally, Aberdeen Asset Management PLC UK grew its stake in shares of Insight Enterprises by 14.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock valued at $43,179,000 after buying an additional 134,029 shares during the period. 97.19% of the stock is owned by hedge funds and other institutional investors.

Shares of Insight Enterprises, Inc. (NSIT) opened at $39.25 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. Insight Enterprises, Inc. has a 12-month low of $33.84 and a 12-month high of $53.19. The firm has a market cap of $1,404.84, a price-to-earnings ratio of 12.46 and a beta of 1.56.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company earned $0.62 EPS. The firm’s revenue was up 26.2% on a year-over-year basis. analysts anticipate that Insight Enterprises, Inc. will post 3.22 earnings per share for the current year.

A number of analysts recently weighed in on NSIT shares. Zacks Investment Research cut shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub cut shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Finally, B. Riley reaffirmed a “buy” rating and set a $56.00 price target (up from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $51.00.

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About Insight Enterprises

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.

Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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