Insight Enterprises, Inc. (NASDAQ:NSIT) Holdings Trimmed by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,590 shares of the software maker’s stock after selling 184 shares during the period. Yousif Capital Management LLC’s holdings in Insight Enterprises were worth $1,588,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock worth $124,934,000 after acquiring an additional 2,944 shares in the last quarter. Northern Trust Corp raised its stake in shares of Insight Enterprises by 16.5% during the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker’s stock worth $67,917,000 after purchasing an additional 63,200 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Insight Enterprises during the 4th quarter valued at about $57,380,000. Norges Bank acquired a new position in shares of Insight Enterprises during the 4th quarter valued at about $47,585,000. Finally, Wellington Management Group LLP increased its holdings in shares of Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock valued at $41,188,000 after acquiring an additional 107,397 shares during the last quarter.

Insight Enterprises Trading Up 0.5%

Shares of NSIT opened at $131.72 on Tuesday. The stock has a fifty day moving average price of $134.36 and a two-hundred day moving average price of $149.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 1.40 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the previous year, the company posted $2.37 EPS. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NSIT shares. JPMorgan Chase & Co. lowered their target price on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Barrington Research restated an “outperform” rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Insight Enterprises has a consensus rating of “Hold” and an average price target of $185.00.

Insight Enterprises 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.