Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Comerica Bank

Comerica Bank lessened its stake in Insight Enterprises, Inc. (NASDAQ:NSIT – Get Rating) by 21.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,833 shares of the software maker’s stock after selling 6,524 shares during the quarter. Comerica Bank’s holdings in Insight Enterprises were worth $2,137,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at about $358,000. Victory Capital Management Inc. lifted its holdings in shares of Insight Enterprises by 0.8% in the 2nd quarter. Victory Capital Management Inc. now owns 80,489 shares of the software maker’s stock valued at $6,945,000 after buying an additional 613 shares during the period. GHP Investment Advisors Inc. lifted its holdings in shares of Insight Enterprises by 9.3% in the 2nd quarter. GHP Investment Advisors Inc. now owns 31,216 shares of the software maker’s stock valued at $2,693,000 after buying an additional 2,652 shares during the period. Speece Thorson Capital Group Inc. raised its holdings in Insight Enterprises by 0.6% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 110,522 shares of the software maker’s stock worth $9,536,000 after purchasing an additional 667 shares during the period. Finally, MQS Management LLC acquired a new position in Insight Enterprises in the 2nd quarter worth about $750,000.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock opened at $109.59 on Friday. The business has a 50 day simple moving average of $102.22 and a two-hundred day simple moving average of $93.74. Insight Enterprises, Inc. has a 12 month low of $81.11 and a 12 month high of $112.07. The stock has a market capitalization of $3.82 billion, a P/E ratio of 15.18, a PEG ratio of 1.00 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.66 and a quick ratio of 1.50.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last announced its earnings results on Thursday, November 3rd. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Insight Enterprises had a return on equity of 19.33% and a net margin of 2.53%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.59 billion. As a group, analysts predict that Insight Enterprises, Inc. will post 8.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. StockNews.com assumed coverage on Insight Enterprises in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Barrington Research upped their price target on Insight Enterprises from $110.00 to $125.00 and gave the stock an “outperform” rating in a report on Monday, November 14th.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Rachael Ann Bertrandt Crump sold 850 shares of the stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $102.98, for a total transaction of $87,533.00. Following the completion of the transaction, the insider now owns 2,469 shares of the company’s stock, valued at $254,257.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.61% of the company’s stock.

Insight Enterprises Company Profile

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Insight 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.