Victory Capital Management Inc. Has $13.53 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Victory Capital Management Inc. lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 62,824 shares of the software maker’s stock after selling 2,748 shares during the quarter. Victory Capital Management Inc. owned 0.20% of Insight Enterprises worth $13,532,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Capital World Investors grew its position in shares of Insight Enterprises by 27.8% during the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock worth $398,700,000 after purchasing an additional 467,088 shares in the last quarter. Capital Research Global Investors grew its position in Insight Enterprises by 54.9% during the first quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock worth $168,398,000 after buying an additional 321,780 shares in the last quarter. Capital International Investors acquired a new stake in Insight Enterprises during the first quarter worth approximately $33,765,000. F M Investments LLC acquired a new position in Insight Enterprises in the 2nd quarter valued at $17,258,000. Finally, Renaissance Technologies LLC acquired a new position in Insight Enterprises in the 2nd quarter valued at $9,199,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NSIT shares. JPMorgan Chase & Co. dropped their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Redburn Atlantic initiated coverage on Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Trading Down 0.3 %

NASDAQ NSIT opened at $149.61 on Wednesday. Insight Enterprises, Inc. has a twelve month low of $147.28 and a twelve month high of $228.07. The business’s fifty day moving average is $199.82 and its 200 day moving average is $202.22. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last announced 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 firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 earnings per share. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

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.