Captrust Financial Advisors Sells 82 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Captrust Financial Advisors reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.7% in the third quarter, Holdings Channel.com reports. The fund owned 1,151 shares of the software maker’s stock after selling 82 shares during the period. Captrust Financial Advisors’ holdings in Insight Enterprises were worth $248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of Insight Enterprises by 6.9% in the third quarter. Rockefeller Capital Management L.P. now owns 62,927 shares of the software maker’s stock worth $13,554,000 after acquiring an additional 4,055 shares during the period. Isthmus Partners LLC bought a new stake in Insight Enterprises during the third quarter valued at $814,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Insight Enterprises by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,091 shares of the software maker’s stock valued at $12,943,000 after buying an additional 472 shares during the period. Blueshift Asset Management LLC bought a new stake in Insight Enterprises during the third quarter valued at $333,000. Finally, Glenmede Trust Co. NA boosted its stake in Insight Enterprises by 5.0% during the third quarter. Glenmede Trust Co. NA now owns 2,513 shares of the software maker’s stock valued at $541,000 after buying an additional 119 shares during the period.

Analyst Ratings Changes

NSIT has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price objective for the company. Barrington Research dropped their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Trading Down 2.5 %

Shares of NSIT stock opened at $158.94 on Monday. 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 business has a 50-day moving average price of $180.70 and a two-hundred day moving average price of $196.22. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The firm has a market cap of $5.05 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 earnings per share. Equities analysts anticipate that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

About Insight Enterprises

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.