Segall Bryant & Hamill LLC decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 7.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,898 shares of the software maker's stock after selling 4,036 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.15% of Insight Enterprises worth $10,532,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Insight Enterprises by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker's stock valued at $718,326,000 after purchasing an additional 13,072 shares during the period. UniSuper Management Pty Ltd bought a new position in Insight Enterprises during the first quarter worth about $857,000. CANADA LIFE ASSURANCE Co boosted its stake in shares of Insight Enterprises by 17.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker's stock worth $5,050,000 after acquiring an additional 3,956 shares during the period. EntryPoint Capital LLC bought a new position in Insight Enterprises during the first quarter worth $89,000. Finally, Capital International Investors acquired a new position in Insight Enterprises in the 1st quarter valued at about $33,765,000.
Several equities analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Finally, Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a "buy" rating and a $220.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Insight Enterprises has an average rating of "Hold" and a consensus price target of $212.50.
Get Our Latest Research Report on Insight Enterprises
Insight Enterprises stock opened at $149.95 on Friday. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The firm's 50-day simple moving average is $198.87 and its 200 day simple moving average is $201.85. The stock has a market cap of $4.76 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share 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 business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.34 billion. During the same period in the prior year, the firm posted $2.37 EPS. The firm's revenue for the quarter was down 7.9% on a year-over-year basis. Research analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.
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.
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