Mutual of America Capital Management LLC Sells 453 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Mutual of America Capital Management LLC reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,847 shares of the software maker’s stock after selling 453 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Insight Enterprises were worth $859,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its stake in Insight Enterprises by 22.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock worth $859,000 after acquiring an additional 1,093 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Insight Enterprises by 6.4% during the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after buying an additional 245,814 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Insight Enterprises by 3.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after buying an additional 23,085 shares during the last quarter. 13D Management LLC grew its stake in shares of Insight Enterprises by 11.6% during the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after buying an additional 8,721 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Insight Enterprises by 53.1% during the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after buying an additional 247,049 shares during the last quarter.

Insiders Place Their Bets

In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the completion of the sale, the insider now owns 23,009 shares in the company, valued at $4,316,948.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the sale, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the sale, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 over the last 90 days. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Up 0.2 %

Shares of NASDAQ NSIT opened at $182.97 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The firm has a market capitalization of $5.95 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 1.33 and a beta of 1.51. The stock has a 50 day moving average price of $184.78 and a 200 day moving average price of $172.47. Insight Enterprises, Inc. has a 52-week low of $117.99 and a 52-week high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The firm’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.53 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 10.59 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on NSIT. Stifel Nicolaus upped their target price on Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Barrington Research reiterated an “outperform” rating and issued a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, March 5th. Finally, StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

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.