AQR Capital Management LLC Reduces Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

AQR Capital Management LLC lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,365 shares of the software maker’s stock after selling 1,082 shares during the period. AQR Capital Management LLC’s holdings in Insight Enterprises were worth $2,453,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NSIT. Opal Wealth Advisors LLC bought a new position in shares of Insight Enterprises during the second quarter valued at approximately $38,000. GAMMA Investing LLC grew its position in Insight Enterprises by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in Insight Enterprises in the first quarter worth $89,000. Blue Trust Inc. lifted its position in shares of 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 purchasing an additional 154 shares during the last quarter. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of Insight Enterprises during the second quarter valued at $195,000.

Insight Enterprises Trading Up 0.8 %

NASDAQ:NSIT opened at $221.73 on Wednesday. The firm has a 50-day simple moving average of $205.63 and a 200-day simple moving average of $200.53. Insight Enterprises, Inc. has a one year low of $139.34 and a one year high of $228.07. The firm has a market cap of $7.22 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.65 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data 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 business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm earned $2.56 EPS. Equities analysts anticipate that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Insight Enterprises in a research note on Friday, September 20th. JPMorgan Chase & Co. decreased their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Stifel Nicolaus lifted their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th.

Insider Buying and Selling

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.23% of the stock is currently owned by company insiders.

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.