Oregon Public Employees Retirement Fund Sells 150 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Oregon Public Employees Retirement Fund lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,412 shares of the software maker’s stock after selling 150 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Insight Enterprises were worth $975,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Pacer Advisors Inc. increased 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 buying an additional 225,283 shares during the period. Geode Capital Management LLC increased its holdings in Insight Enterprises by 1.7% in the 3rd 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. increased its holdings in Insight Enterprises by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after buying an additional 85,428 shares during the period. Bank of New York Mellon Corp increased its holdings in Insight Enterprises by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker’s stock valued at $39,674,000 after buying an additional 21,876 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Insight Enterprises in the 4th quarter valued at $39,242,000.

Insight Enterprises Stock Up 0.3 %

Shares of NASDAQ NSIT opened at $153.88 on Friday. The firm’s 50-day simple moving average is $162.63 and its 200 day simple moving average is $181.12. The company has a market cap of $4.89 billion, a price-to-earnings ratio of 23.60, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results 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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the business posted $2.98 EPS. On average, research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NSIT has been the topic of several recent analyst reports. Barrington Research reduced 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. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $212.50.

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.