Teachers Retirement System of The State of Kentucky Has $3.93 Million Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,202 shares of the software maker’s stock after selling 1,414 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of Insight Enterprises worth $3,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NSIT. GAMMA Investing LLC bought a new position in shares of Insight Enterprises in the 4th quarter worth $40,000. SRS Capital Advisors Inc. purchased a new stake in Insight Enterprises in the 4th quarter worth about $46,000. Signaturefd LLC grew its holdings in Insight Enterprises by 26.9% during the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after buying an additional 83 shares in the last quarter. Anchor Investment Management LLC purchased a new position in Insight Enterprises during the 4th quarter valued at about $89,000. Finally, International Assets Investment Management LLC purchased a new position in Insight Enterprises during the 4th quarter valued at about $94,000.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $201.46 on Tuesday. The stock has a market capitalization of $6.56 billion, a P/E ratio of 25.34, a P/E/G ratio of 1.53 and a beta of 1.50. The stock has a 50-day moving average price of $194.72 and a 200 day moving average price of $186.86. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Insight Enterprises, Inc. has a 12-month low of $131.59 and a 12-month high of $212.44.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $1.78 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts forecast that Insight Enterprises, Inc. will post 10.78 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the transaction, the insider now owns 3,447 shares of the company’s stock, valued at $675,026.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the transaction, the insider now directly owns 3,447 shares in the company, valued at $675,026.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 462,750 shares of company stock valued at $89,169,833. Insiders own 1.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NSIT shares. Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research report on Monday, April 15th. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, Barrington Research increased their target price on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th.

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.