Amalgamated Bank Sells 215 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Amalgamated Bank trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,257 shares of the software maker’s stock after selling 215 shares during the quarter. Amalgamated Bank’s holdings in Insight Enterprises were worth $1,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NSIT. Janney Montgomery Scott LLC bought a new position in Insight Enterprises during the first quarter worth about $431,000. SG Americas Securities LLC grew its position in shares of Insight Enterprises by 249.8% in the 1st quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker’s stock valued at $1,214,000 after purchasing an additional 4,673 shares during the period. Headlands Technologies LLC bought a new stake in Insight Enterprises during the 1st quarter worth approximately $209,000. ProShare Advisors LLC raised its holdings in Insight Enterprises by 5.4% during the 1st quarter. ProShare Advisors LLC now owns 5,662 shares of the software maker’s stock worth $1,050,000 after buying an additional 292 shares during the period. Finally, Blair William & Co. IL lifted its stake in Insight Enterprises by 67.3% in the first quarter. Blair William & Co. IL now owns 3,780 shares of the software maker’s stock valued at $701,000 after buying an additional 1,520 shares in the last quarter.

Insight Enterprises Stock Down 3.6 %

Shares of NSIT stock opened at $161.40 on Wednesday. The firm’s fifty day moving average price is $204.73 and its two-hundred day moving average price is $203.27. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 1 year low of $141.73 and a 1 year high of $228.07. The firm has a market capitalization of $5.13 billion, a P/E ratio of 20.30, a PEG ratio of 1.49 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the firm posted $2.37 EPS. Insight Enterprises’s revenue was down 7.9% compared to the same quarter last year. On average, equities analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barrington Research cut their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Finally, Stifel Nicolaus increased their price objective on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th.

Insider Buying and Selling

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the sale, the insider now owns 5,460 shares in the company, valued at $1,124,923.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.23% of the stock is owned by corporate insiders.

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.