Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.1% during the third quarter, Holdings Channel reports. The fund owned 44,376 shares of the software maker’s stock after selling 512 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Insight Enterprises were worth $9,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of NSIT. Charles Schwab Investment Management Inc. increased its holdings 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 valued at $79,468,000 after purchasing an additional 85,428 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Insight Enterprises by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker’s stock worth $56,790,000 after acquiring an additional 36,790 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Insight Enterprises by 0.4% in the third quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock valued at $41,474,000 after acquiring an additional 709 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Insight Enterprises by 14.6% during the third quarter. Wellington Management Group LLP now owns 163,400 shares of the software maker’s stock valued at $35,195,000 after acquiring an additional 20,851 shares during the period. Finally, F M Investments LLC acquired a new position in shares of Insight Enterprises during the second quarter valued at approximately $17,258,000.

Insight Enterprises Stock Performance

NSIT opened at $162.98 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market cap of $5.18 billion, a PE ratio of 20.50, a P/E/G ratio of 1.42 and a beta of 1.42. The business has a fifty day simple moving average of $181.92 and a 200-day simple moving average of $196.62. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.37 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NSIT. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. 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 on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Company 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.