GHP Investment Advisors Inc. Sells 1,265 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

GHP Investment Advisors Inc. lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 32,013 shares of the software maker’s stock after selling 1,265 shares during the period. GHP Investment Advisors Inc.’s holdings in Insight Enterprises were worth $4,869,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd bought a new stake in Insight Enterprises during the 4th quarter worth about $33,000. Blue Trust Inc. raised its stake in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after acquiring an additional 139 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Insight Enterprises by 72.6% during the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker’s stock worth $168,000 after purchasing an additional 328 shares in the last quarter. KBC Group NV grew its stake in shares of Insight Enterprises by 71.6% during the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock valued at $179,000 after purchasing an additional 491 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Insight Enterprises in the third quarter valued at approximately $203,000.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $169.30 on Friday. The firm’s 50 day moving average price is $161.62 and its two-hundred day moving average price is $185.65. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The stock has a market cap of $5.38 billion, a PE ratio of 21.30, a PEG ratio of 1.37 and a beta of 1.42.

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, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. During the same period last year, the company posted $2.98 EPS. As a group, analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Analyst Upgrades and Downgrades

NSIT has been the topic of several research reports. Barrington Research reduced their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Redburn Atlantic initiated coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus 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.