James Investment Research Inc. lowered its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,301 shares of the software maker's stock after selling 3,021 shares during the quarter. Insight Enterprises makes up 1.1% of James Investment Research Inc.'s holdings, making the stock its 22nd largest position. James Investment Research Inc. owned about 0.14% of Insight Enterprises worth $9,757,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises during the 2nd quarter worth about $38,000. EntryPoint Capital LLC purchased a new position in shares of Insight Enterprises in the first quarter valued at approximately $89,000. GAMMA Investing LLC boosted its stake in shares of Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker's stock worth $90,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. increased its position in shares of Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock worth $99,000 after purchasing an additional 154 shares in the last quarter. Finally, First Foundation Advisors acquired a new position in Insight Enterprises in the 1st quarter valued at $195,000.
Insider Transactions at Insight Enterprises
In other 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 value of $152,256.17. Following the sale, the insider now directly owns 5,460 shares of the company's stock, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.23% of the company's stock.
Insight Enterprises Trading Down 1.5 %
NSIT stock traded down $2.71 during trading on Friday, reaching $172.21. 562,149 shares of the stock were exchanged, compared to its average volume of 276,908. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 1.37 and a beta of 1.48. The business has a 50 day moving average price of $210.88 and a 200-day moving average price of $203.63. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The firm's quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 10.67 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on NSIT shares. JPMorgan Chase & Co. dropped their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Barrington Research reiterated an "outperform" rating and issued a $225.00 price objective on shares of Insight Enterprises in a report on Friday, September 20th. Stifel Nicolaus boosted their target price on Insight Enterprises from $192.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, July 17th. Finally, StockNews.com cut Insight Enterprises from a "buy" rating to a "hold" rating in a report on Friday, July 5th.
Check Out Our Latest Stock Report on Insight Enterprises
Insight Enterprises Profile
(
Free Report)
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.
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