Tidal Investments LLC Lowers Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Tidal Investments LLC decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,914 shares of the software maker’s stock after selling 237 shares during the period. Tidal Investments LLC’s holdings in Insight Enterprises were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NSIT. Fifth Third Wealth Advisors LLC bought a new stake in shares of Insight Enterprises in the 2nd quarter worth $200,000. Louisiana State Employees Retirement System boosted its holdings in Insight Enterprises by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the software maker’s stock worth $2,757,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 purchasing an additional 36,790 shares in the last quarter. Bailard Inc. increased its stake in Insight Enterprises by 12.7% in the 2nd quarter. Bailard Inc. now owns 32,418 shares of the software maker’s stock valued at $6,430,000 after buying an additional 3,644 shares during the last quarter. Finally, Shaker Investments LLC OH lifted its position in shares of Insight Enterprises by 42.5% during the 2nd quarter. Shaker Investments LLC OH now owns 4,206 shares of the software maker’s stock worth $834,000 after buying an additional 1,255 shares in the last quarter.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $157.57 on Friday. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 1.39 and a beta of 1.42. The business’s 50 day simple moving average is $175.56 and its 200 day simple moving average is $195.12. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced 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 firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business posted $2.37 EPS. The company’s revenue was down 7.9% compared to the same quarter last year. Sell-side analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Analysts Set New Price Targets

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