Teachers Retirement System of The State of Kentucky Purchases 534 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Teachers Retirement System of The State of Kentucky increased its position in Insight Enterprises, Inc. (NASDAQ:NSITGet Rating) by 1.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 29,966 shares of the software maker’s stock after buying an additional 534 shares during the period. Teachers Retirement System of The State of Kentucky owned about 0.09% of Insight Enterprises worth $3,216,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elequin Capital LP bought a new position in Insight Enterprises in the 1st quarter worth $25,000. Prospera Financial Services Inc bought a new position in Insight Enterprises in the 1st quarter worth $38,000. Quantbot Technologies LP bought a new position in Insight Enterprises in the 1st quarter worth $107,000. Federated Hermes Inc. boosted its holdings in Insight Enterprises by 13.4% in the 1st quarter. Federated Hermes Inc. now owns 1,074 shares of the software maker’s stock worth $115,000 after buying an additional 127 shares during the period. Finally, Huntington National Bank lifted its stake in Insight Enterprises by 79.4% in the 1st quarter. Huntington National Bank now owns 1,078 shares of the software maker’s stock worth $116,000 after purchasing an additional 477 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on NSIT shares. Barrington Research decreased their price target on shares of Insight Enterprises from $122.00 to $110.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. JPMorgan Chase & Co. started coverage on shares of Insight Enterprises in a research note on Thursday, July 14th. They issued a “neutral” rating and a $98.00 price target on the stock.

Insider Activity

In other Insight Enterprises news, Director Holdings L.P. Valueact bought 18,185 shares of the firm’s stock in a transaction dated Monday, August 15th. The shares were purchased at an average cost of $93.92 per share, for a total transaction of $1,707,935.20. Following the transaction, the director now owns 4,117,411 shares of the company’s stock, valued at $386,707,241.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Kathleen S. Pushor sold 2,000 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $95.78, for a total transaction of $191,560.00. Following the transaction, the director now directly owns 5,825 shares in the company, valued at approximately $557,918.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact purchased 18,185 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were purchased at an average price of $93.92 per share, for a total transaction of $1,707,935.20. Following the completion of the acquisition, the director now directly owns 4,117,411 shares in the company, valued at approximately $386,707,241.12. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 199,572 shares of company stock worth $18,684,644. 1.61% of the stock is currently owned by corporate insiders.

Insight Enterprises Stock Up 0.5 %

Shares of NSIT stock opened at $84.93 on Tuesday. The stock has a market cap of $2.98 billion, a P/E ratio of 11.88, a PEG ratio of 0.81 and a beta of 1.59. Insight Enterprises, Inc. has a 52 week low of $81.37 and a 52 week high of $111.02. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.45. The company’s fifty day simple moving average is $90.16 and its two-hundred day simple moving average is $95.64.

Insight Enterprises (NASDAQ:NSITGet Rating) last announced its earnings results on Thursday, August 4th. The software maker reported $2.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.76. The firm had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Insight Enterprises had a net margin of 2.53% and a return on equity of 19.60%. The business’s revenue was up 23.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 EPS. Analysts predict that Insight Enterprises, Inc. will post 8.68 EPS for the current fiscal year.

Insight Enterprises Company Profile

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IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services.

Further Reading

Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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