Summit Trail Advisors LLC Sells 227 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Summit Trail Advisors LLC trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 5.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,106 shares of the software maker’s stock after selling 227 shares during the quarter. Summit Trail Advisors LLC’s holdings in Insight Enterprises were worth $884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Insight Enterprises during the second quarter valued at approximately $38,000. GAMMA Investing LLC raised its holdings in Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock worth $90,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. lifted its position in Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares in the last quarter. Ausbil Investment Management Ltd bought a new stake in Insight Enterprises during the second quarter valued at about $195,000. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Insight Enterprises during the second quarter valued at about $200,000.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Barrington Research decreased their target price 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. Finally, Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Up 2.6 %

Shares of NSIT opened at $154.97 on Tuesday. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. 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 company has a market capitalization of $4.92 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48. The business’s 50 day moving average is $196.66 and its 200 day moving average is $201.17.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm posted $2.37 EPS. Insight Enterprises’s quarterly revenue was down 7.9% compared to the same quarter last year. Research analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share 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.