Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Public Sector Pension Investment Board

Public Sector Pension Investment Board trimmed its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,461 shares of the software maker’s stock after selling 1,400 shares during the period. Public Sector Pension Investment Board owned approximately 0.19% of Insight Enterprises worth $12,807,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises during the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC lifted its stake in Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. increased its holdings in shares of Insight Enterprises by 40.8% during 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 in the last quarter. Ausbil Investment Management Ltd purchased a new position in shares of Insight Enterprises during the 2nd quarter valued at approximately $195,000. Finally, Huntington National Bank increased its holdings in shares of Insight Enterprises by 7.3% during 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 in the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on NSIT. JPMorgan Chase & Co. cut 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 cut their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Redburn Atlantic began coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $212.50.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $156.28 on Friday. The firm has a market cap of $4.96 billion, a PE ratio of 19.66, a PEG ratio of 1.36 and a beta of 1.48. The firm has a fifty day moving average of $193.31 and a 200 day moving average of $200.16. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) 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 company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the firm posted $2.37 EPS. Insight Enterprises’s revenue was down 7.9% compared to the same quarter last year. As a group, research analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

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.