Insight Enterprises, Inc. (NSIT) Position Decreased by Opus Capital Group LLC
Opus Capital Group LLC reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 45.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 120,598 shares of the software maker’s stock after selling 100,977 shares during the period. Insight Enterprises makes up approximately 0.9% of Opus Capital Group LLC’s portfolio, making the stock its 12th largest position. Opus Capital Group LLC’s holdings in Insight Enterprises were worth $4,823,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. increased its position in Insight Enterprises by 32,650.5% in the first quarter. BlackRock Inc. now owns 4,523,829 shares of the software maker’s stock worth $185,884,000 after buying an additional 4,510,016 shares during the period. Bank of Montreal Can increased its position in Insight Enterprises by 493.1% in the second quarter. Bank of Montreal Can now owns 232,907 shares of the software maker’s stock worth $9,314,000 after buying an additional 193,638 shares during the period. Eagle Asset Management Inc. bought a new position in Insight Enterprises during the first quarter worth approximately $7,935,000. Aberdeen Asset Management PLC UK increased its position in Insight Enterprises by 23.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 945,702 shares of the software maker’s stock worth $38,859,000 after buying an additional 180,256 shares during the period. Finally, Vanguard Group Inc. increased its position in Insight Enterprises by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,242,716 shares of the software maker’s stock worth $133,243,000 after buying an additional 144,077 shares during the period. 98.38% of the stock is currently owned by institutional investors.
Insight Enterprises, Inc. (NSIT) opened at 39.87 on Friday. Insight Enterprises, Inc. has a 52-week low of $28.15 and a 52-week high of $53.19. The company has a 50 day moving average of $41.43 and a 200-day moving average of $41.98. The stock has a market capitalization of $1.43 billion, a P/E ratio of 14.81 and a beta of 1.63.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.19. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. Equities research analysts anticipate that Insight Enterprises, Inc. will post $3.23 EPS for the current year.
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A number of research analysts recently commented on NSIT shares. B. Riley reaffirmed a “neutral” rating and issued a $44.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 2nd. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Insight Enterprises in a research report on Thursday, May 4th. Stifel Nicolaus increased their target price on shares of Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 target price on the stock in a research report on Saturday, May 6th. Finally, BidaskClub downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.50.
In related news, CFO Glynis Bryan sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $41.90, for a total value of $209,500.00. Following the sale, the chief financial officer now directly owns 30,797 shares of the company’s stock, valued at $1,290,394.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.23% of the company’s stock.
Insight Enterprises Company Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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