Thrivent Financial for Lutherans Purchases 709 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Thrivent Financial for Lutherans raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,551 shares of the software maker’s stock after acquiring an additional 709 shares during the period. Thrivent Financial for Lutherans owned about 0.61% of Insight Enterprises worth $41,474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises in the 2nd quarter valued at about $38,000. GAMMA Investing LLC increased its stake in Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after buying an additional 164 shares during the last quarter. EntryPoint Capital LLC bought a new stake in Insight Enterprises during the first quarter worth about $89,000. Blue Trust Inc. boosted its holdings in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after buying an additional 154 shares during the last quarter. Finally, Ausbil Investment Management Ltd bought a new position in shares of Insight Enterprises in the 2nd quarter valued at about $195,000.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NSIT shares. Redburn Atlantic started coverage on shares of Insight Enterprises in a research note on Friday. They issued a “buy” rating and a $220.00 price target on the stock. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barrington Research lowered their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $150.00 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a twelve month low of $147.28 and a twelve month high of $228.07. The firm has a fifty day simple moving average of $201.83 and a two-hundred day simple moving average of $202.73. The company has a market capitalization of $4.76 billion, a PE ratio of 18.87, a P/E/G ratio of 1.32 and a beta of 1.48.

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

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.