Chatham Capital Group Inc. Sells 145 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Chatham Capital Group Inc. reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.5% during the fourth quarter, HoldingsChannel reports. The firm owned 27,738 shares of the software maker’s stock after selling 145 shares during the period. Chatham Capital Group Inc.’s holdings in Insight Enterprises were worth $4,219,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $32,000. R Squared Ltd bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $33,000. J.Safra Asset Management Corp boosted its stake in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after purchasing an additional 374 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after purchasing an additional 139 shares during the last quarter.

Insight Enterprises Stock Performance

NSIT opened at $152.83 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The company’s fifty day moving average price is $162.53 and its two-hundred day moving average price is $180.04. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 1.40 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the business earned $2.98 EPS. On average, analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Redburn Atlantic initiated 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $212.50.

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.