LPL Financial LLC Reduces Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

LPL Financial LLC trimmed its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 30.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,540 shares of the software maker’s stock after selling 2,472 shares during the quarter. LPL Financial LLC’s holdings in Insight Enterprises were worth $843,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Barclays PLC grew its stake in Insight Enterprises by 178.3% in the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after acquiring an additional 36,132 shares in the last quarter. World Investment Advisors LLC purchased a new position in Insight Enterprises during the 3rd quarter worth $2,609,000. Hennessy Advisors Inc. bought a new stake in Insight Enterprises during the 4th quarter valued at $39,242,000. Romano Brothers AND Company lifted its holdings in shares of Insight Enterprises by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after buying an additional 100 shares during the period. Finally, Blue Trust Inc. raised its holdings in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after acquiring an additional 139 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $132.08 on Tuesday. 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 market cap of $4.20 billion, a PE ratio of 20.26, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The business’s fifty day simple moving average is $149.43 and its 200-day simple moving average is $164.24.

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

Analysts Set New Price Targets

A number of research firms have commented on NSIT. Barrington Research cut their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Insight Enterprises has an average rating of “Hold” and a consensus target price of $185.00.

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.