Nisa Investment Advisors LLC Lowers Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Nisa Investment Advisors LLC lowered its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 39.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,284 shares of the software maker’s stock after selling 824 shares during the period. Nisa Investment Advisors LLC’s holdings in Insight Enterprises were worth $195,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NSIT. Geode Capital Management LLC grew its stake in shares of Insight Enterprises by 1.7% in the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after acquiring an additional 10,711 shares in the last quarter. EULAV Asset Management lifted its holdings in Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock worth $10,743,000 after buying an additional 3,359 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Insight Enterprises by 65.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock worth $5,078,000 after buying an additional 9,289 shares during the last quarter. Barclays PLC grew its holdings in shares of Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after purchasing an additional 36,132 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after purchasing an additional 85,428 shares in the last quarter.

Insight Enterprises Stock Up 0.2 %

Insight Enterprises stock opened at $171.73 on Thursday. The company has a market cap of $5.45 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The stock’s 50 day moving average price is $159.43 and its 200 day moving average price is $187.25. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $2.37 EPS. Insight Enterprises’s revenue was down 7.9% compared to the same quarter last year. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NSIT. Redburn Atlantic started coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 price target for the company. Barrington Research reduced their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Insight Enterprises has an average rating of “Hold” and a consensus target price of $212.50.

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.