Quest Partners LLC Sells 5,258 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Quest Partners LLC decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 94.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 310 shares of the software maker’s stock after selling 5,258 shares during the quarter. Quest Partners LLC’s holdings in Insight Enterprises were worth $67,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NSIT. F M Investments LLC bought a new position in Insight Enterprises in the 2nd quarter valued at approximately $17,258,000. Renaissance Technologies LLC acquired a new position in shares of Insight Enterprises during the second quarter worth $9,199,000. Bank of New York Mellon Corp lifted its stake in shares of Insight Enterprises by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker’s stock valued at $56,790,000 after acquiring an additional 36,790 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at $6,343,000. Finally, AXA S.A. bought a new stake in Insight Enterprises during the 2nd quarter worth $5,365,000.

Insight Enterprises Stock Up 0.1 %

Shares of NASDAQ:NSIT opened at $156.45 on Friday. The firm has a market cap of $4.97 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.36 and a beta of 1.48. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The business has a fifty day simple moving average of $191.03 and a 200 day simple moving average of $199.52. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barrington Research dropped their target price 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. Redburn Atlantic began coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. 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, the stock has a consensus rating of “Hold” and an average price target of $212.50.

Insight Enterprises Company 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.