Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Strs Ohio

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Strs Ohio decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,800 shares of the software maker’s stock after selling 500 shares during the quarter. Strs Ohio owned 0.05% of Insight Enterprises worth $1,094,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Arizona State Retirement System grew its position in Insight Enterprises by 1.3% in the second quarter. Arizona State Retirement System now owns 55,474 shares of the software maker’s stock worth $3,229,000 after buying an additional 706 shares during the last quarter. James Investment Research Inc. grew its position in Insight Enterprises by 8.9% during the 2nd quarter. James Investment Research Inc. now owns 122,306 shares of the software maker’s stock worth $7,119,000 after purchasing an additional 9,970 shares in the last quarter. State of Alaska Department of Revenue grew its position in Insight Enterprises by 31.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 22,760 shares of the software maker’s stock worth $1,324,000 after purchasing an additional 5,394 shares in the last quarter. Bessemer Group Inc. grew its position in Insight Enterprises by 0.5% during the 2nd quarter. Bessemer Group Inc. now owns 74,000 shares of the software maker’s stock worth $4,307,000 after purchasing an additional 400 shares in the last quarter. Finally, Cascade Investment Advisors Inc. purchased a new position in Insight Enterprises during the 2nd quarter worth approximately $29,000. Hedge funds and other institutional investors own 98.08% of the company’s stock.

NSIT has been the topic of several research analyst reports. BidaskClub cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th. B. Riley reiterated a “buy” rating on shares of Insight Enterprises in a research report on Monday, April 29th. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, August 9th. Stifel Nicolaus lifted their price objective on shares of Insight Enterprises from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, June 24th. Finally, ValuEngine cut shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $59.00.

NASDAQ NSIT opened at $51.16 on Wednesday. Insight Enterprises, Inc. has a twelve month low of $37.77 and a twelve month high of $60.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.38. The stock has a market cap of $1.90 billion, a PE ratio of 11.05 and a beta of 1.15. The business’s 50 day moving average price is $55.85.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Tuesday, August 6th. The software maker reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.10. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.81 billion. Insight Enterprises had a net margin of 2.40% and a return on equity of 17.22%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $1.45 EPS. On average, equities research analysts expect that Insight Enterprises, Inc. will post 4.89 earnings per share for the current fiscal year.

Insight Enterprises Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.

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

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