Blue Trust Inc. Reduces Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Blue Trust Inc. cut its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 58.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223 shares of the software maker’s stock after selling 315 shares during the period. Blue Trust Inc.’s holdings in Insight Enterprises were worth $34,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Insight Enterprises during the fourth quarter worth $32,000. R Squared Ltd purchased a new position in Insight Enterprises in the 4th quarter valued at approximately $33,000. KBC Group NV boosted its position in Insight Enterprises by 71.6% in the 4th quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock valued at $179,000 after buying an additional 491 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Insight Enterprises in the third quarter worth $203,000. Finally, Huntington National Bank increased its position in shares of Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after acquiring an additional 68 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. 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 initiated coverage on Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $153.37 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $162.73 and a 200-day simple moving average of $181.54. The stock has a market cap of $4.87 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (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 in the prior year, the business posted $2.98 earnings per share. Equities analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.