Thrivent Financial for Lutherans Has $38.05 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Thrivent Financial for Lutherans grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,842 shares of the software maker’s stock after buying an additional 268 shares during the quarter. Thrivent Financial for Lutherans owned 0.59% of Insight Enterprises worth $38,053,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NSIT. Tevis Investment Management boosted its holdings in Insight Enterprises by 3.5% during the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after purchasing an additional 60 shares during the last quarter. Hanseatic Management Services Inc. boosted its holdings in Insight Enterprises by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after purchasing an additional 69 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Insight Enterprises by 32.7% during the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after purchasing an additional 71 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Insight Enterprises by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock worth $996,000 after purchasing an additional 77 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Insight Enterprises by 7.1% during the second quarter. Commonwealth Equity Services LLC now owns 1,567 shares of the software maker’s stock worth $311,000 after purchasing an additional 104 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NSIT shares. Stifel Nicolaus boosted their price target on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a research note on Friday.

Insider Activity

In other news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Up 0.4 %

NSIT opened at $213.84 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.54 and a beta of 1.46. Insight Enterprises, Inc. has a twelve month low of $139.34 and a twelve month high of $228.07. The company’s 50-day moving average price is $206.68 and its two-hundred day moving average price is $198.09.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.56 earnings per share. As a group, equities analysts expect that Insight Enterprises, Inc. will post 10.68 earnings per share for the current 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.