Everence Capital Management Inc. Sells 690 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Everence Capital Management Inc. decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,930 shares of the software maker’s stock after selling 690 shares during the quarter. Everence Capital Management Inc.’s holdings in Insight Enterprises were worth $1,051,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after purchasing an additional 245,814 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Insight Enterprises by 3,760.3% in the first quarter. Envestnet Asset Management Inc. now owns 945,618 shares of the software maker’s stock worth $2,757,000 after acquiring an additional 921,122 shares during the last quarter. Morgan Stanley grew its stake in shares of Insight Enterprises by 141.7% in the fourth quarter. Morgan Stanley now owns 811,951 shares of the software maker’s stock worth $81,414,000 after acquiring an additional 476,084 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Insight Enterprises by 173.7% in the first quarter. Capital Research Global Investors now owns 752,800 shares of the software maker’s stock worth $80,790,000 after acquiring an additional 477,800 shares during the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after acquiring an additional 247,049 shares during the last quarter.

Insight Enterprises Stock Down 0.0 %

Shares of NASDAQ:NSIT opened at $182.12 on Wednesday. The company’s fifty day moving average is $185.41 and its 200-day moving average is $171.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. Insight Enterprises, Inc. has a 52 week low of $117.99 and a 52 week high of $194.57. The company has a market capitalization of $5.93 billion, a PE ratio of 24.12, a P/E/G ratio of 1.32 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the company posted $2.53 EPS. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year. Equities research analysts predict that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NSIT shares. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Stifel Nicolaus lifted their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research note on Monday. Barrington Research reiterated an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th.

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.