New York State Common Retirement Fund Lowers Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Common Retirement Fund cut its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,749 shares of the software maker’s stock after selling 485 shares during the quarter. New York State Common Retirement Fund’s holdings in Insight Enterprises were worth $2,082,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in NSIT. Signaturefd LLC grew its holdings in Insight Enterprises by 26.9% in the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after purchasing an additional 83 shares during the last quarter. Anchor Investment Management LLC acquired a new position in Insight Enterprises during the 4th quarter valued at about $89,000. International Assets Investment Management LLC purchased a new stake in Insight Enterprises in the fourth quarter valued at about $94,000. Blue Trust Inc. boosted its holdings in Insight Enterprises by 13.2% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock worth $97,000 after acquiring an additional 64 shares in the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter worth about $150,000.

Insider Transactions at Insight Enterprises

In related news, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the transaction, the director now directly owns 5,800 shares in the company, valued at approximately $1,073,696. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the sale, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the transaction, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The disclosure for this sale can be found here. Insiders have sold 20,918 shares of company stock valued at $3,888,203 in the last 90 days. 1.23% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSIT. JPMorgan Chase & Co. increased their price objective on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Barrington Research reissued an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a report on Tuesday, April 23rd. StockNews.com raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th.

Insight Enterprises Stock Up 0.1 %

NASDAQ:NSIT opened at $200.34 on Thursday. The firm has a market capitalization of $6.52 billion, a P/E ratio of 25.20, a PEG ratio of 1.40 and a beta of 1.50. The company’s fifty day moving average price is $185.47 and its 200-day moving average price is $175.64. Insight Enterprises, Inc. has a 1-year low of $122.33 and a 1-year high of $204.02. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.55. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 10.68 EPS for the current 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.