Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 847,979 shares of the software maker’s stock after selling 67,249 shares during the quarter. Pacer Advisors Inc.’s holdings in Insight Enterprises were worth $182,646,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Xponance Inc. lifted its holdings in Insight Enterprises by 2.5% in the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after acquiring an additional 52 shares during the last quarter. Tevis Investment Management increased its holdings in shares of Insight Enterprises by 3.5% in the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after purchasing an additional 60 shares during the period. One Wealth Advisors LLC increased its holdings in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after purchasing an additional 62 shares during the period. Huntington National Bank increased its holdings 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. Finally, Hanseatic Management Services Inc. increased its holdings in shares of Insight Enterprises by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock valued at $764,000 after purchasing an additional 69 shares during the period.

Insight Enterprises Stock Up 0.4 %

Shares of Insight Enterprises stock opened at $150.16 on Thursday. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $4.77 billion, a P/E ratio of 18.89, a PEG ratio of 1.31 and a beta of 1.48. The stock has a 50 day moving average price of $198.87 and a two-hundred day moving average price of $201.85.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The firm’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 earnings per share. Equities analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NSIT shares. Barrington Research dropped their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Redburn Atlantic began 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $212.50.

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.