Nisa Investment Advisors LLC Cuts Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Nisa Investment Advisors LLC trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 39.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,284 shares of the software maker’s stock after selling 824 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Insight Enterprises were worth $195,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC lifted its position in Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after acquiring an additional 10,711 shares during the last quarter. EULAV Asset Management increased its stake in Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock valued at $10,743,000 after purchasing an additional 3,359 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in shares of Insight Enterprises by 65.0% in the third quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock worth $5,078,000 after buying an additional 9,289 shares during the last quarter. Barclays PLC lifted its stake in shares of Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after buying an additional 36,132 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after buying an additional 85,428 shares during the last quarter.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $171.73 on Thursday. The stock has a 50 day moving average price of $159.43 and a 200 day moving average price of $187.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a market cap of $5.45 billion, a PE ratio of 21.60, a P/E/G ratio of 1.37 and a beta of 1.42. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on NSIT shares. Barrington Research decreased their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Redburn Atlantic assumed coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $212.50.

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.