Segall Bryant & Hamill LLC Trims Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Segall Bryant & Hamill LLC lowered its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 7.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,898 shares of the software maker's stock after selling 4,036 shares during the period. Segall Bryant & Hamill LLC owned about 0.15% of Insight Enterprises worth $10,532,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its holdings in Insight Enterprises by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker's stock worth $41,474,000 after purchasing an additional 709 shares during the last quarter. Huntington National Bank grew its position in shares of Insight Enterprises by 7.3% in the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker's stock valued at $214,000 after purchasing an additional 68 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Insight Enterprises in the 3rd quarter valued at approximately $227,000. Aigen Investment Management LP acquired a new position in shares of Insight Enterprises in the 3rd quarter valued at approximately $671,000. Finally, Entropy Technologies LP bought a new stake in Insight Enterprises in the 3rd quarter valued at approximately $253,000.

Insight Enterprises Trading Up 0.8 %

NASDAQ NSIT traded up $1.16 during trading hours on Friday, hitting $151.11. 491,529 shares of the company's stock were exchanged, compared to its average volume of 246,116. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 18.99, a PEG ratio of 1.31 and a beta of 1.48. The stock has a 50-day simple moving average of $197.82 and a 200 day simple moving average of $201.49.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its 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 the consensus estimate of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. Insight Enterprises's quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 EPS. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NSIT shares. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Barrington Research decreased their price objective on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Finally, Redburn Atlantic initiated coverage on Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $212.50.

Insight Enterprises Company 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.