Insight Enterprises, Inc. (NASDAQ:NSIT) Holdings Trimmed by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lowered its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 82.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 304 shares of the software maker’s stock after selling 1,416 shares during the period. Tower Research Capital LLC TRC’s holdings in Insight Enterprises were worth $46,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Pacer Advisors Inc. boosted 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. Dimensional Fund Advisors LP raised its stake in shares of Insight Enterprises by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock worth $124,934,000 after purchasing an additional 2,944 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Insight Enterprises during the 4th quarter worth about $57,380,000. Norges Bank purchased a new stake in shares of Insight Enterprises during the 4th quarter worth about $47,585,000. Finally, Wellington Management Group LLP raised its stake in shares of Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock worth $41,188,000 after purchasing an additional 107,397 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NSIT. Barrington Research cut their price target on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. cut their price target on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $185.00.

Insight Enterprises Stock Performance

NSIT opened at $138.45 on Wednesday. The stock has a market cap of $4.42 billion, a PE ratio of 21.23, a P/E/G ratio of 1.40 and a beta of 1.22. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07. The stock’s 50 day simple moving average is $141.95 and its 200-day simple moving average is $155.42.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The business’s revenue was down 11.6% compared to the same quarter last year. Sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.