Stifel Financial Corp Sells 321 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Stifel Financial Corp lowered its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 5.0% in the third quarter, Holdings Channel reports. The firm owned 6,125 shares of the software maker’s stock after selling 321 shares during the quarter. Stifel Financial Corp’s holdings in Insight Enterprises were worth $1,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NSIT. Quantinno Capital Management LP grew its holdings in shares of Insight Enterprises by 2.0% in the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after acquiring an additional 68 shares in the last quarter. Needham Investment Management LLC acquired a new position in Insight Enterprises during the third quarter valued at approximately $1,077,000. Edgestream Partners L.P. grew its stake in Insight Enterprises by 48.0% in the third quarter. Edgestream Partners L.P. now owns 27,826 shares of the software maker’s stock valued at $5,993,000 after purchasing an additional 9,028 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Insight Enterprises by 6.9% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 62,927 shares of the software maker’s stock worth $13,554,000 after purchasing an additional 4,055 shares during the last quarter. Finally, Isthmus Partners LLC bought a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $814,000.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of recent analyst reports. Barrington Research lowered their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Redburn Atlantic started coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Trading Down 1.8 %

Shares of Insight Enterprises stock opened at $154.68 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The business has a fifty day simple moving average of $174.37 and a two-hundred day simple moving average of $194.83. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 19.46, a P/E/G ratio of 1.39 and a beta of 1.42.

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