Sequoia Financial Advisors LLC Sells 76 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Sequoia Financial Advisors LLC lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,747 shares of the software maker’s stock after selling 76 shares during the period. Sequoia Financial Advisors LLC’s holdings in Insight Enterprises were worth $376,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Insight Enterprises during the second quarter worth about $38,000. EntryPoint Capital LLC acquired a new stake in Insight Enterprises in the 1st quarter valued at approximately $89,000. GAMMA Investing LLC raised its position in Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after buying an additional 164 shares during the last quarter. Blue Trust Inc. raised its position in Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after buying an additional 154 shares during the last quarter. Finally, First Foundation Advisors acquired a new stake in Insight Enterprises in the 1st 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 transaction of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NSIT. Stifel Nicolaus boosted their price target on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barrington Research reaffirmed an “outperform” rating and set a $225.00 price target on shares of Insight Enterprises in a research report on Friday, September 20th. Finally, StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $206.83 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Insight Enterprises, Inc. has a 12 month low of $139.34 and a 12 month high of $228.07. The stock has a 50 day moving average of $212.29 and a 200-day moving average of $203.55. The company has a market capitalization of $6.74 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.63 and a beta of 1.45.

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