Insight Enterprises, Inc. (NSIT) Holdings Cut by QS Investors LLC
QS Investors LLC reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 122,435 shares of the software maker’s stock after selling 1,056 shares during the quarter. QS Investors LLC owned 0.34% of Insight Enterprises worth $4,896,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gotham Asset Management LLC purchased a new stake in shares of Insight Enterprises in the first quarter valued at $1,562,000. Vanguard Group Inc. boosted its position in shares of Insight Enterprises by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,242,716 shares of the software maker’s stock worth $133,243,000 after buying an additional 144,077 shares during the period. Prudential Financial Inc. grew its holdings in shares of Insight Enterprises by 4.7% during the second quarter. Prudential Financial Inc. now owns 319,499 shares of the software maker’s stock valued at $12,777,000 after buying an additional 14,377 shares in the last quarter. LSV Asset Management grew its holdings in shares of Insight Enterprises by 2.8% during the second quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock valued at $48,871,000 after buying an additional 33,823 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Insight Enterprises by 40.5% during the second quarter. KBC Group NV now owns 34,263 shares of the software maker’s stock valued at $1,370,000 after buying an additional 9,876 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.
In other Insight Enterprises news, CFO Glynis Bryan sold 5,000 shares of Insight Enterprises stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $41.90, for a total transaction of $209,500.00. Following the transaction, the chief financial officer now directly owns 30,797 shares in the company, valued at $1,290,394.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.38% of the company’s stock.
Insight Enterprises, Inc. (NSIT) opened at 46.15 on Monday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 17.14 and a beta of 1.67. The company’s 50-day moving average is $40.62 and its 200-day moving average is $41.62. Insight Enterprises, Inc. has a 12 month low of $28.15 and a 12 month high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter in the previous year, the business earned $0.97 EPS. The firm’s revenue was up 15.4% on a year-over-year basis. Equities analysts anticipate that Insight Enterprises, Inc. will post $3.23 earnings per share for the current year.
Several research analysts recently weighed in on the company. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target (up from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. B. Riley raised Insight Enterprises to a “buy” rating and set a $54.50 price objective for the company in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Saturday, August 5th. Finally, BidaskClub lowered Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.50.
Insight Enterprises Profile
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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