Public Sector Pension Investment Board Boosts Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Public Sector Pension Investment Board increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,861 shares of the software maker’s stock after purchasing an additional 4,102 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.19% of Insight Enterprises worth $12,072,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises during the second quarter worth approximately $38,000. GAMMA Investing LLC increased its position 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 buying an additional 71 shares during the period. EntryPoint Capital LLC acquired a new position in Insight Enterprises during the first quarter worth approximately $89,000. Blue Trust Inc. increased its position in Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after buying an additional 154 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises in the second quarter valued at approximately $195,000.

Insider Activity

In other news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NSIT shares. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research reissued an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a report on Friday. Stifel Nicolaus upped their price objective on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Finally, 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.

Insight Enterprises Trading Down 1.2 %

Shares of NSIT stock opened at $211.23 on Tuesday. The business’s fifty day moving average price is $206.74 and its 200 day moving average price is $198.26. Insight Enterprises, Inc. has a 1-year low of $139.34 and a 1-year high of $228.07. The firm has a market capitalization of $6.88 billion, a PE ratio of 26.57, a P/E/G ratio of 1.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19.

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

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.