Cibc World Markets Corp Makes New Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Cibc World Markets Corp acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the fourth quarter, Holdings Channel reports. The fund acquired 2,547 shares of the software maker’s stock, valued at approximately $387,000.

Several other large investors have also recently modified their holdings of NSIT. Atria Investments Inc bought a new position in Insight Enterprises during the 3rd quarter worth approximately $215,000. Jennison Associates LLC bought a new position in shares of Insight Enterprises in the third quarter worth approximately $637,000. Intech Investment Management LLC grew its holdings in shares of Insight Enterprises by 28.2% in the third quarter. Intech Investment Management LLC now owns 18,080 shares of the software maker’s stock worth $3,894,000 after purchasing an additional 3,982 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Insight Enterprises by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after buying an additional 85,428 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in Insight Enterprises by 54.4% during the 3rd quarter. Cerity Partners LLC now owns 2,813 shares of the software maker’s stock valued at $606,000 after buying an additional 991 shares during the period.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock opened at $154.18 on Monday. The company’s fifty day simple moving average is $162.77 and its two-hundred day simple moving average is $175.08. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The firm has a market cap of $4.90 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period in the previous year, the firm earned $2.98 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises 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.