Pacer Advisors Inc. Has $181.55 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Pacer Advisors Inc. cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 915,228 shares of the software maker’s stock after selling 96,249 shares during the quarter. Pacer Advisors Inc.’s holdings in Insight Enterprises were worth $181,545,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Insight Enterprises during the second quarter worth $38,000. GAMMA Investing LLC increased its holdings in shares of Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after purchasing an additional 71 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Insight Enterprises during the first quarter valued at about $89,000. Blue Trust Inc. lifted its stake in shares of Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after buying an additional 154 shares during the period. Finally, First Foundation Advisors bought a new stake in shares of Insight Enterprises in the first quarter valued at about $195,000.

Insight Enterprises Stock Up 0.4 %

Shares of NSIT opened at $213.84 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $206.68 and a two-hundred day moving average price of $197.92. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.54 and a beta of 1.46. Insight Enterprises, Inc. has a 12 month low of $139.34 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.36). Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the business earned $2.56 EPS. Insight Enterprises’s quarterly revenue was down 8.0% compared to the same quarter last year. Equities analysts predict that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on NSIT. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research restated an “outperform” rating and set a $225.00 price objective on shares of Insight Enterprises in a research report on Friday. Stifel Nicolaus upped their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd.

Insider Activity

In related news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.23% of the stock is owned by corporate insiders.

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.