Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 58.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 223 shares of the software maker’s stock after selling 315 shares during the quarter. Blue Trust Inc.’s holdings in Insight Enterprises were worth $34,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its position in Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock worth $163,243,000 after acquiring an additional 225,283 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after purchasing an additional 10,711 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after purchasing an additional 85,428 shares during the period. Hennessy Advisors Inc. purchased a new position in Insight Enterprises in the 4th quarter valued at $39,242,000. Finally, Thrivent Financial for Lutherans increased its stake in Insight Enterprises by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock valued at $41,474,000 after buying an additional 709 shares during the period.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several recent analyst reports. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. Barrington Research reduced their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Insight Enterprises presently has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $153.37 on Friday. The company has a market cap of $4.87 billion, a P/E ratio of 23.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07. The business has a fifty day moving average of $162.73 and a two-hundred day moving average of $181.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating 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 period in the previous year, the business earned $2.98 earnings per share. As a group, analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

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.