Yousif Capital Management LLC Decreases Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Yousif Capital Management LLC lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.5% during the 4th quarter, HoldingsChannel reports. The firm owned 14,206 shares of the software maker’s stock after selling 1,327 shares during the period. Yousif Capital Management LLC’s holdings in Insight Enterprises were worth $2,517,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NSIT. GAMMA Investing LLC purchased a new position in shares of Insight Enterprises in the fourth quarter worth about $40,000. California Public Employees Retirement System lifted its stake in Insight Enterprises by 4.3% in the 4th quarter. California Public Employees Retirement System now owns 148,845 shares of the software maker’s stock worth $26,374,000 after purchasing an additional 6,157 shares in the last quarter. CWM LLC boosted its holdings in shares of Insight Enterprises by 250.3% during the 4th quarter. CWM LLC now owns 2,291 shares of the software maker’s stock worth $406,000 after purchasing an additional 1,637 shares during the last quarter. Signaturefd LLC grew its position in shares of Insight Enterprises by 26.9% in the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after purchasing an additional 83 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Insight Enterprises by 22.2% in the fourth quarter. Xponance Inc. now owns 2,101 shares of the software maker’s stock valued at $372,000 after purchasing an additional 382 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barrington Research restated an “outperform” rating and issued a $211.00 target price on shares of Insight Enterprises in a report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a report on Monday, April 15th.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $183.57 on Tuesday. The firm has a market cap of $5.97 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. Insight Enterprises, Inc. has a 52 week low of $117.99 and a 52 week high of $194.57. The business’s fifty day simple moving average is $184.69 and its 200-day simple moving average is $173.77.

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

Insider Transactions at Insight Enterprises

In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the sale, the chief accounting officer now owns 4,436 shares in the company, valued at approximately $810,324.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the sale, the director now owns 5,800 shares in the company, valued at $1,073,696. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,918 shares of company stock worth $3,888,203. 1.23% of the stock is currently owned by insiders.

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.