Thrivent Financial for Lutherans Increases Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Thrivent Financial for Lutherans increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.1% in the second quarter, Holdings Channel.com reports. The firm owned 191,842 shares of the software maker’s stock after acquiring an additional 268 shares during the period. Thrivent Financial for Lutherans’ holdings in Insight Enterprises were worth $38,053,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Intech Investment Management LLC purchased a new stake in Insight Enterprises during the 2nd quarter valued at $2,796,000. Hsbc Holdings PLC boosted its position in Insight Enterprises by 26.4% during the 2nd quarter. Hsbc Holdings PLC now owns 5,375 shares of the software maker’s stock valued at $1,070,000 after buying an additional 1,121 shares during the period. Mercer Global Advisors Inc. ADV boosted its position in Insight Enterprises by 13.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,294 shares of the software maker’s stock valued at $1,645,000 after buying an additional 955 shares during the period. Renaissance Technologies LLC purchased a new stake in Insight Enterprises during the 2nd quarter valued at $9,199,000. Finally, Quantbot Technologies LP boosted its position in Insight Enterprises by 1,148.3% during the 2nd quarter. Quantbot Technologies LP now owns 14,568 shares of the software maker’s stock valued at $2,890,000 after buying an additional 13,401 shares during the period.

Insight Enterprises Stock Up 0.4 %

NASDAQ:NSIT opened at $213.84 on Monday. The firm has a market cap of $6.96 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. Insight Enterprises, Inc. has a fifty-two week low of $139.34 and a fifty-two week high of $228.07. The firm has a 50-day simple moving average of $206.68 and a two-hundred day simple moving average of $198.09.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.56 earnings per share. Analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NSIT shares. Stifel Nicolaus upped their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Barrington Research restated an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a report on Friday. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.23% of the stock is owned by company insiders.

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.