James Investment Research Inc. Sells 3,154 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

James Investment Research Inc. lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,147 shares of the software maker’s stock after selling 3,154 shares during the period. James Investment Research Inc. owned approximately 0.13% of Insight Enterprises worth $6,411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSIT. Rhumbline Advisers grew its holdings in shares of Insight Enterprises by 2.4% in the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock worth $12,502,000 after purchasing an additional 1,925 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Insight Enterprises by 207.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker’s stock worth $15,522,000 after buying an additional 70,134 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Insight Enterprises by 4.7% during the fourth quarter. Summit Trail Advisors LLC now owns 4,298 shares of the software maker’s stock worth $654,000 after buying an additional 192 shares in the last quarter. Equitable Trust Co. bought a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $797,000. Finally, WCM Investment Management LLC acquired a new position in shares of Insight Enterprises in the 4th quarter worth approximately $10,643,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NSIT. Barrington Research dropped 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. Redburn Atlantic started coverage on Insight Enterprises in a research note on Friday, November 15th. They issued 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Stock Down 1.2 %

NASDAQ:NSIT opened at $165.58 on Friday. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 25.40, a P/E/G ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.18. The stock’s fifty day moving average price is $162.44 and its two-hundred day moving average price is $183.13. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business earned $2.98 EPS. On average, analysts anticipate that Insight Enterprises, Inc. will post 9.9 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.