GHP Investment Advisors Inc. Sells 1,265 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

GHP Investment Advisors Inc. trimmed its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,013 shares of the software maker’s stock after selling 1,265 shares during the quarter. GHP Investment Advisors Inc. owned 0.10% of Insight Enterprises worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its holdings in Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock valued at $163,243,000 after purchasing an additional 225,283 shares during the period. Geode Capital Management LLC lifted its stake in shares of Insight Enterprises by 1.7% in the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after buying an additional 10,711 shares during the period. Charles Schwab Investment Management Inc. grew its position in Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after buying an additional 85,428 shares in the last quarter. Hennessy Advisors Inc. bought a new position in Insight Enterprises during the fourth quarter valued at about $39,242,000. Finally, Thrivent Financial for Lutherans raised its holdings in Insight Enterprises by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock valued at $41,474,000 after acquiring an additional 709 shares in the last quarter.

Wall Street Analyst Weigh In

NSIT has been the topic of several recent research reports. Redburn Atlantic began coverage on Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 price objective on the stock. Barrington Research decreased their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of “Hold” and an average price target of $212.50.

Insight Enterprises Trading Down 2.7 %

Shares of NSIT opened at $169.30 on Friday. The stock has a 50 day simple moving average of $161.62 and a 200-day simple moving average of $185.65. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The stock has a market cap of $5.38 billion, a PE ratio of 21.30, a PEG ratio of 1.37 and a beta of 1.42. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. During the same quarter last year, the company earned $2.98 earnings per share. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

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.