QRG Capital Management Inc. Reduces Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

QRG Capital Management Inc. decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,167 shares of the software maker’s stock after selling 1,096 shares during the period. QRG Capital Management Inc.’s holdings in Insight Enterprises were worth $1,242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in Insight Enterprises during the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new stake in shares of Insight Enterprises in the fourth quarter worth $33,000. Blue Trust Inc. raised its position in shares of Insight Enterprises by 25.8% during the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after purchasing an additional 139 shares during the period. KBC Group NV raised its position in shares of Insight Enterprises by 71.6% during the 4th quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock valued at $179,000 after purchasing an additional 491 shares during the period. Finally, Palouse Capital Management Inc. purchased a new position in shares of Insight Enterprises during the 4th quarter valued at $179,000.

Insight Enterprises Stock Performance

NSIT opened at $149.97 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 1.40 and a beta of 1.42. The company has a fifty day moving average of $162.63 and a 200 day moving average of $180.96. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the business earned $2.98 earnings per share. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Redburn Atlantic started coverage on Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price target for the company. Barrington Research cut their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report 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, the company currently has an average rating of “Hold” and an average price target 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.