Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.2% during the 4th quarter, Holdings Channel reports. The fund owned 13,200 shares of the software maker’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Insight Enterprises were worth $2,008,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NSIT. Golden State Wealth Management LLC acquired a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $33,000. Blue Trust Inc. grew its stake in Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after acquiring an additional 139 shares during the period. KBC Group NV increased its holdings in Insight Enterprises by 71.6% in the 4th quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock worth $179,000 after acquiring an additional 491 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in Insight Enterprises during the third quarter worth $203,000.

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of research reports. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research reduced their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Stock Performance

NSIT opened at $165.58 on Friday. The firm has a market capitalization of $5.26 billion, a PE ratio of 25.40, a PEG ratio of 1.43 and a beta of 1.42. The firm’s 50-day moving average price is $162.44 and its 200 day moving average price is $183.42. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate 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 business posted $2.98 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.9 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.