Yousif Capital Management LLC Reduces Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Yousif Capital Management LLC trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,206 shares of the software maker’s stock after selling 1,327 shares during the period. Yousif Capital Management LLC’s holdings in Insight Enterprises were worth $2,517,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Handelsbanken Fonder AB raised its stake in Insight Enterprises by 34.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,530 shares of the software maker’s stock valued at $514,000 after buying an additional 900 shares during the last quarter. Raymond James & Associates boosted its position in Insight Enterprises by 3.7% in the third quarter. Raymond James & Associates now owns 5,602 shares of the software maker’s stock worth $815,000 after purchasing an additional 199 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Insight Enterprises by 6.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,510 shares of the software maker’s stock valued at $365,000 after purchasing an additional 145 shares during the period. GW Henssler & Associates Ltd. purchased a new stake in shares of Insight Enterprises during the 3rd quarter valued at about $246,000. Finally, Bank of New York Mellon Corp increased its position in shares of Insight Enterprises by 7.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 309,407 shares of the software maker’s stock valued at $45,019,000 after purchasing an additional 21,953 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NSIT. JPMorgan Chase & Co. boosted their target price on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Barrington Research reaffirmed an “outperform” rating and issued a $211.00 target price on shares of Insight Enterprises in a report on Tuesday, April 23rd. Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Finally, StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insider Buying and Selling at Insight Enterprises

In other news, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the transaction, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the sale, the director now owns 5,800 shares of the company’s stock, valued at $1,073,696. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard E. Allen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the sale, the director now owns 30,647 shares of the company’s stock, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. Insiders have sold a total of 20,918 shares of company stock worth $3,888,203 over the last ninety days. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Trading Up 0.4 %

Shares of NSIT opened at $183.57 on Tuesday. The stock has a market capitalization of $5.97 billion, a PE ratio of 24.31, a P/E/G ratio of 1.33 and a beta of 1.51. The company’s fifty day moving average is $184.69 and its 200 day moving average is $173.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. Insight Enterprises, Inc. has a fifty-two week low of $117.99 and a fifty-two week high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $2.53 earnings per share. The business’s quarterly revenue was down 10.7% on a year-over-year basis. Sell-side analysts expect that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

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.