Captrust Financial Advisors Has $248,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Captrust Financial Advisors cut its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,151 shares of the software maker’s stock after selling 82 shares during the quarter. Captrust Financial Advisors’ holdings in Insight Enterprises were worth $248,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Xponance Inc. boosted its holdings in shares of Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after acquiring an additional 52 shares in the last quarter. Tevis Investment Management increased its stake in shares of Insight Enterprises by 3.5% in the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after buying an additional 60 shares during the period. One Wealth Advisors LLC increased its stake in shares of Insight Enterprises by 4.7% in the third quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after buying an additional 62 shares during the period. Huntington National Bank raised its holdings in Insight Enterprises by 7.3% in the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after buying an additional 68 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its holdings in Insight Enterprises by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock valued at $764,000 after buying an additional 69 shares during the last quarter.

Insight Enterprises Price Performance

Shares of NSIT opened at $158.94 on Monday. The stock has a market cap of $5.05 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.42 and a beta of 1.42. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The business’s fifty day moving average is $180.70 and its 200 day moving average is $196.22.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barrington Research dropped their price objective on shares of 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 shares of Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $212.50.

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.