Insight Enterprises, Inc. (NSIT) Shares Sold by Federated Investors Inc. PA
Federated Investors Inc. PA reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 340,674 shares of the software maker’s stock after selling 39,324 shares during the period. Federated Investors Inc. PA owned approximately 0.95% of Insight Enterprises worth $13,624,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Ameritas Investment Partners Inc. bought a new stake in Insight Enterprises during the first quarter valued at $123,000. State of Alaska Department of Revenue increased its stake in Insight Enterprises by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,920 shares of the software maker’s stock valued at $161,000 after buying an additional 80 shares during the last quarter. Invictus RG bought a new stake in Insight Enterprises during the first quarter valued at $199,000. Cambridge Investment Research Advisors Inc. bought a new stake in Insight Enterprises during the first quarter valued at $311,000. Finally, Mason Street Advisors LLC increased its stake in Insight Enterprises by 7.0% in the first quarter. Mason Street Advisors LLC now owns 8,298 shares of the software maker’s stock valued at $341,000 after buying an additional 545 shares during the last quarter. 97.04% of the stock is owned by institutional investors and hedge funds.
Shares of Insight Enterprises, Inc. (NSIT) opened at 38.49 on Monday. Insight Enterprises, Inc. has a 12 month low of $28.15 and a 12 month high of $53.19. The firm has a 50-day moving average of $41.13 and a 200 day moving average of $42.03. The company has a market capitalization of $1.38 billion, a PE ratio of 14.30 and a beta of 1.63.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. Insight Enterprises had a return on equity of 14.93% and a net margin of 1.61%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the company posted $0.97 EPS. The business’s revenue was up 15.4% on a year-over-year basis. On average, equities research analysts expect that Insight Enterprises, Inc. will post $3.23 earnings per share for the current fiscal year.
Several equities research analysts recently weighed in on the stock. B. Riley reaffirmed a “neutral” rating and issued a $48.00 price objective on shares of Insight Enterprises in a report on Sunday, August 6th. BidaskClub downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Insight Enterprises in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price target on the stock in a research report on Saturday, May 6th. Finally, Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Insight Enterprises in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Insight Enterprises presently has an average rating of “Hold” and an average target price of $50.50.
In other Insight Enterprises news, CFO Glynis Bryan sold 5,000 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $41.90, for a total value of $209,500.00. Following the sale, the chief financial officer now owns 30,797 shares in the company, valued at approximately $1,290,394.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.38% of the company’s stock.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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