Nationwide Fund Advisors decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 185,103 shares of the software maker’s stock after selling 45,540 shares during the quarter. Nationwide Fund Advisors owned approximately 0.52% of Insight Enterprises worth $8,500,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Insight Enterprises by 3.2% in the second quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock worth $186,642,000 after purchasing an additional 143,348 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Insight Enterprises by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock worth $133,395,000 after purchasing an additional 92,987 shares during the last quarter. Northern Trust Corp grew its stake in shares of Insight Enterprises by 1.7% in the second quarter. Northern Trust Corp now owns 1,543,613 shares of the software maker’s stock worth $61,730,000 after purchasing an additional 25,161 shares during the last quarter. LSV Asset Management grew its stake in shares of Insight Enterprises by 2.8% in the second quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock worth $48,871,000 after purchasing an additional 33,823 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK grew its stake in shares of Insight Enterprises by 14.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock worth $43,179,000 after purchasing an additional 134,029 shares during the last quarter. 97.19% of the stock is currently owned by institutional investors.
Several equities analysts recently issued reports on NSIT shares. BidaskClub lowered shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. B. Riley restated a “buy” rating and issued a $56.00 target price (up previously from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Finally, ValuEngine lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Insight Enterprises presently has an average rating of “Hold” and an average target price of $51.00.
Insight Enterprises, Inc. (NSIT) opened at $36.74 on Friday. The stock has a market cap of $1,315.72, a price-to-earnings ratio of 11.67 and a beta of 1.56. The company has a quick ratio of 1.59, a current ratio of 1.84 and a debt-to-equity ratio of 0.65. Insight Enterprises, Inc. has a fifty-two week low of $35.26 and a fifty-two week high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. Insight Enterprises’s revenue for the quarter was up 26.2% on a year-over-year basis. equities analysts expect that Insight Enterprises, Inc. will post 3.22 EPS for the current year.
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Insight Enterprises Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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