Amalgamated Bank Cuts Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Amalgamated Bank lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,997 shares of the software maker’s stock after selling 260 shares during the quarter. Amalgamated Bank’s holdings in Insight Enterprises were worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Insight Enterprises in the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new position in shares of Insight Enterprises in the fourth quarter valued at $33,000. Blue Trust Inc. increased its position in 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 purchasing an additional 139 shares during the last quarter. KBC Group NV raised its stake in 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 in the last quarter. Finally, Palouse Capital Management Inc. bought a new position in Insight Enterprises during the fourth quarter valued at $179,000.

Insight Enterprises Stock Down 2.5 %

NASDAQ NSIT opened at $149.97 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.40 and a beta of 1.42. The company has a fifty day moving average of $162.63 and a two-hundred day moving average of $180.96.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the firm posted $2.98 earnings per share. On average, analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 target price on the stock. 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 research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $212.50.

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.