Insight Enterprises, Inc. (NSIT) Holdings Decreased by CNA Financial Corp
CNA Financial Corp lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,273 shares of the software maker’s stock after selling 2,323 shares during the quarter. CNA Financial Corp owned approximately 0.06% of Insight Enterprises worth $891,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Louisiana State Employees Retirement System lifted its stake in shares of Insight Enterprises by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 14,600 shares of the software maker’s stock worth $584,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System lifted its stake in shares of Insight Enterprises by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 18,620 shares of the software maker’s stock worth $745,000 after purchasing an additional 100 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of Insight Enterprises by 0.7% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 21,310 shares of the software maker’s stock worth $875,000 after purchasing an additional 140 shares during the period. Rothschild Asset Management Inc. lifted its stake in shares of Insight Enterprises by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 93,009 shares of the software maker’s stock worth $3,719,000 after purchasing an additional 272 shares during the period. Finally, Suntrust Banks Inc. lifted its stake in shares of Insight Enterprises by 3.3% during the 1st quarter. Suntrust Banks Inc. now owns 8,812 shares of the software maker’s stock worth $361,000 after purchasing an additional 281 shares during the period. 97.04% of the stock is currently owned by institutional investors.
Insight Enterprises, Inc. (NASDAQ:NSIT) traded down 0.82% during mid-day trading on Wednesday, hitting $40.02. The stock had a trading volume of 1,316 shares. The firm’s 50-day moving average is $40.64 and its 200 day moving average is $41.72. Insight Enterprises, Inc. has a one year low of $28.15 and a one year high of $53.19. The stock has a market cap of $1.43 billion, a PE ratio of 14.87 and a beta of 1.63.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Equities research analysts expect that Insight Enterprises, Inc. will post $3.23 EPS for the current year.
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A number of brokerages have weighed in on NSIT. B. Riley raised Insight Enterprises to a “buy” rating and set a $54.50 price target on the stock in a research note on Tuesday, August 8th. Stifel Nicolaus restated a “hold” rating and set a $45.00 price objective (up from $42.00) on shares of Insight Enterprises in a report on Thursday, August 3rd. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Saturday, August 5th. Finally, BidaskClub downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Two investment 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 currently has an average rating of “Hold” and an average target price of $50.50.
In other Insight Enterprises news, CFO Glynis Bryan sold 5,000 shares of Insight Enterprises stock in a transaction on Monday, August 14th. The shares were sold at an average price of $41.90, for a total transaction of $209,500.00. Following the completion of the sale, the chief financial officer now owns 30,797 shares of the company’s stock, valued at approximately $1,290,394.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.38% 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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