Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,215 shares of the software maker’s stock after selling 334 shares during the period. Mutual of America Capital Management LLC’s holdings in Insight Enterprises were worth $908,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of NSIT. Opal Wealth Advisors LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter worth approximately $38,000. GAMMA Investing LLC raised its position in Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. raised its position in Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares during the period. Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at $195,000. Finally, Huntington National Bank grew its holdings in shares of Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after purchasing an additional 68 shares during the period.

Analyst Ratings Changes

A number of research firms have recently issued reports on NSIT. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Redburn Atlantic assumed coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price target on the stock. Finally, Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $155.77 on Wednesday. The business has a 50 day moving average price of $195.52 and a 200 day moving average price of $200.82. The company has a market capitalization of $4.95 billion, a P/E ratio of 19.46, a PEG ratio of 1.32 and a beta of 1.48. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the firm earned $2.37 earnings per share. The business’s revenue was down 7.9% compared to the same quarter last year. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

About Insight Enterprises

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.