Commonwealth Equity Services LLC Reduces Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Commonwealth Equity Services LLC trimmed its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,421 shares of the software maker’s stock after selling 130 shares during the period. Commonwealth Equity Services LLC’s holdings in Insight Enterprises were worth $216,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NSIT. Baron Wealth Management LLC grew its holdings in shares of Insight Enterprises by 3.8% in the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after purchasing an additional 58 shares during the period. Quantinno Capital Management LP grew its position in Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock worth $744,000 after acquiring an additional 68 shares during the period. J.Safra Asset Management Corp grew its position in Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after acquiring an additional 71 shares during the period. Cornerstone Investment Partners LLC increased its stake in Insight Enterprises by 5.8% during the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock worth $209,000 after acquiring an additional 75 shares during the last quarter. Finally, Romano Brothers AND Company raised its position in Insight Enterprises by 2.7% in the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock valued at $586,000 after purchasing an additional 100 shares during the period.

Analyst Ratings Changes

Separately, Barrington Research decreased their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Insight Enterprises has a consensus rating of “Hold” and an average price target of $202.25.

Insight Enterprises Stock Up 8.4 %

Shares of NASDAQ:NSIT opened at $138.88 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market capitalization of $4.41 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The firm’s 50-day moving average is $155.14 and its two-hundred day moving average is $168.99. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results 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 return on equity of 18.95% and a net margin of 2.87%. During the same period last year, the firm earned $2.98 earnings per share. Analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

About Insight Enterprises

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.