Versor Investments LP Sells 4,931 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Versor Investments LP decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 83.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 950 shares of the software maker's stock after selling 4,931 shares during the quarter. Versor Investments LP's holdings in Insight Enterprises were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of NSIT. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises in the second quarter worth $38,000. GAMMA Investing LLC increased its stake in shares of Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker's stock worth $90,000 after purchasing an additional 164 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Insight Enterprises during the 1st quarter valued at $89,000. Blue Trust Inc. lifted its stake in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock valued at $99,000 after purchasing an additional 154 shares during the last quarter. Finally, Ausbil Investment Management Ltd bought a new stake in Insight Enterprises in the second quarter worth $195,000.

Insider Activity at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the sale, the insider now directly owns 5,460 shares of the company's stock, valued at $1,124,923.80. This trade represents a 11.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.23% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Redburn Atlantic assumed coverage on Insight Enterprises in a report on Friday. They set a "buy" rating and a $220.00 target price on the stock. Barrington Research cut their price objective on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their target price 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $212.50.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded down $1.13 during midday trading on Friday, hitting $151.50. The company's stock had a trading volume of 467,423 shares, compared to its average volume of 409,418. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The stock's 50 day simple moving average is $201.83 and its 200 day simple moving average is $202.73. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.32 and a beta of 1.48. Insight Enterprises, Inc. has a fifty-two week low of $147.28 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued 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). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $2.37 earnings per share. The business's quarterly revenue was down 7.9% on a year-over-year basis. As a group, research analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

About Insight Enterprises

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.