Crossmark Global Holdings Inc. Has $279,000 Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Crossmark Global Holdings Inc. trimmed its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 18.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,836 shares of the software maker’s stock after selling 429 shares during the period. Crossmark Global Holdings Inc.’s holdings in Insight Enterprises were worth $279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Romano Brothers AND Company boosted its holdings in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after buying an additional 100 shares in the last quarter. Hennessy Advisors Inc. bought a new position in shares of Insight Enterprises in the 4th quarter worth $39,242,000. World Investment Advisors LLC bought a new position in shares of Insight Enterprises in the 3rd quarter worth $2,609,000. Coldstream Capital Management Inc. bought a new position in shares of Insight Enterprises in the 3rd quarter worth $203,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Insight Enterprises by 1.7% in the 3rd 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 in the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of a number of recent research reports. Redburn Atlantic initiated coverage on 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 cut their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Trading Down 0.9 %

NASDAQ NSIT opened at $172.16 on Tuesday. The firm has a market capitalization of $5.47 billion, a P/E ratio of 21.66, a PEG ratio of 1.37 and a beta of 1.42. The business has a fifty day simple moving average of $158.57 and a 200 day simple moving average of $187.58. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 earnings per share. On average, analysts predict that Insight Enterprises, Inc. will post 9.55 EPS 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.