Crossmark Global Holdings Inc. Purchases 347 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Crossmark Global Holdings Inc. lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 18.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,265 shares of the software maker’s stock after buying an additional 347 shares during the period. Crossmark Global Holdings Inc.’s holdings in Insight Enterprises were worth $488,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital World Investors lifted its position in Insight Enterprises by 27.8% in the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock valued at $398,700,000 after acquiring an additional 467,088 shares in the last quarter. Capital Research Global Investors boosted its position in shares of Insight Enterprises by 54.9% during the first quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock valued at $168,398,000 after buying an additional 321,780 shares during the last quarter. Capital International Investors purchased a new stake in shares of Insight Enterprises during the first quarter valued at $33,765,000. F M Investments LLC bought a new stake in Insight Enterprises in the 2nd quarter worth about $17,258,000. Finally, Renaissance Technologies LLC purchased a new position in Insight Enterprises in the 2nd quarter worth about $9,199,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NSIT. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday. They set a “buy” rating and a $220.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Barrington Research decreased their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $151.50 on Friday. The company has a 50-day moving average price of $201.83 and a 200-day moving average price of $202.52. Insight Enterprises, Inc. has a 52 week low of $147.28 and a 52 week high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $4.81 billion, a P/E ratio of 19.06, a PEG ratio of 1.38 and a beta of 1.48.

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

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. The trade was a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.23% of the stock is owned by company insiders.

Insight Enterprises Company 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.