Cerity Partners LLC Sells 949 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Cerity Partners LLC lowered its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,864 shares of the software maker’s stock after selling 949 shares during the period. Cerity Partners LLC’s holdings in Insight Enterprises were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in Insight Enterprises in the fourth quarter valued at $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises during the 4th quarter worth $33,000. J.Safra Asset Management Corp lifted its stake in Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after acquiring an additional 374 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Insight Enterprises by 25.8% during the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after buying an additional 139 shares during the period.

Analysts Set New Price Targets

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

Insight Enterprises Trading Up 0.3 %

Shares of Insight Enterprises stock opened at $133.04 on Thursday. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The company has a market cap of $4.23 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.40 and a beta of 1.31. 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’s 50-day moving average price is $148.08 and its 200-day moving average price is $163.81.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period in the previous year, the business posted $2.98 earnings per share. On average, equities analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share 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.