Insight Enterprises, Inc. (NASDAQ:NSIT) Holdings Decreased by Yousif Capital Management LLC

Yousif Capital Management LLC cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,774 shares of the software maker’s stock after selling 462 shares during the quarter. Yousif Capital Management LLC’s holdings in Insight Enterprises were worth $1,639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its position in Insight Enterprises by 1.7% in the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after acquiring an additional 10,711 shares in the last quarter. EULAV Asset Management raised its holdings in Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock worth $10,743,000 after buying an additional 3,359 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Insight Enterprises by 65.0% during the 3rd 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 period. Barclays PLC raised its holdings in Insight Enterprises by 178.3% during the 3rd 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. raised its holdings in Insight Enterprises by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after buying an additional 85,428 shares during the period.

Wall Street Analyst Weigh In

Several research firms have weighed in on NSIT. Barrington Research lowered their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Redburn Atlantic started coverage on Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Down 0.7 %

NSIT opened at $166.35 on Thursday. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The firm has a market cap of $5.28 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The business has a 50 day moving average price of $162.23 and a 200 day moving average price of $183.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the firm earned $2.98 earnings per share. Research analysts forecast that Insight Enterprises, Inc. will post 9.9 EPS for the current year.

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.