Quest Partners LLC Boosts Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Quest Partners LLC raised its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 646.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,568 shares of the software maker's stock after acquiring an additional 4,822 shares during the quarter. Quest Partners LLC's holdings in Insight Enterprises were worth $1,104,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NSIT. Paralel Advisors LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at approximately $2,441,000. Caprock Group LLC increased its stake in Insight Enterprises by 21.2% in the 2nd quarter. Caprock Group LLC now owns 3,168 shares of the software maker's stock valued at $628,000 after purchasing an additional 554 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Insight Enterprises in the 2nd quarter valued at approximately $2,382,000. Arizona State Retirement System boosted its position in Insight Enterprises by 1.9% during the second quarter. Arizona State Retirement System now owns 7,755 shares of the software maker's stock worth $1,538,000 after purchasing an additional 145 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Insight Enterprises by 16.0% in the second quarter. Victory Capital Management Inc. now owns 65,572 shares of the software maker's stock valued at $13,007,000 after purchasing an additional 9,033 shares during the last quarter.

Insight Enterprises Trading Down 0.5 %

Shares of NSIT traded down $1.04 on Wednesday, hitting $197.72. 136,811 shares of the stock traded hands, compared to its average volume of 220,640. The firm has a market capitalization of $6.44 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.56 and a beta of 1.46. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07. The stock's 50 day moving average is $205.08 and its two-hundred day moving average is $196.83.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.36). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. Insight Enterprises's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.56 EPS. As a group, sell-side analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NSIT shares. Barrington Research reaffirmed an "outperform" rating and set a $225.00 price target on shares of Insight Enterprises in a research note on Monday, August 5th. Stifel Nicolaus upped their price target on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, July 17th. StockNews.com cut shares of Insight Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, July 5th. Finally, JPMorgan Chase & Co. cut their price objective on Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd.

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.