Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Meeder Asset Management Inc.

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Meeder Asset Management Inc. cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 91.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 706 shares of the software maker’s stock after selling 7,951 shares during the period. Meeder Asset Management Inc.’s holdings in Insight Enterprises were worth $50,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NSIT. Cim LLC acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $216,000. Weber Alan W acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $1,406,000. Amalgamated Bank grew its holdings in shares of Insight Enterprises by 6.2% in the fourth quarter. Amalgamated Bank now owns 6,133 shares of the software maker’s stock valued at $431,000 after purchasing an additional 359 shares in the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $238,000. Finally, Stifel Financial Corp acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $15,181,000. Institutional investors and hedge funds own 99.11% of the company’s stock.

In related news, Director Kathleen S. Pushor acquired 2,000 shares of Insight Enterprises stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $54.94 per share, for a total transaction of $109,880.00. Following the transaction, the director now owns 3,311 shares of the company’s stock, valued at $181,906.34. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.75% of the stock is currently owned by insiders.

A number of research analysts recently weighed in on NSIT shares. B. Riley restated a “buy” rating and issued a $77.00 price objective on shares of Insight Enterprises in a report on Monday, February 10th. BidaskClub upgraded shares of Insight Enterprises from a “strong sell” rating to a “sell” rating in a report on Thursday. ValuEngine upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating and set a $67.00 price objective for the company in a report on Saturday, February 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $68.00.

NASDAQ NSIT traded up $0.42 on Thursday, hitting $40.68. 319,210 shares of the stock were exchanged, compared to its average volume of 569,992. The company has a quick ratio of 1.52, a current ratio of 1.62 and a debt-to-equity ratio of 0.74. Insight Enterprises, Inc. has a fifty-two week low of $28.25 and a fifty-two week high of $73.22. The company has a market cap of $1.42 billion, a PE ratio of 9.18 and a beta of 1.28. The company has a 50-day moving average price of $52.44 and a 200-day moving average price of $60.34.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, February 12th. The software maker reported $1.57 EPS for the quarter, missing the consensus estimate of $1.61 by ($0.04). Insight Enterprises had a return on equity of 17.32% and a net margin of 2.06%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the firm earned $1.32 EPS. The company’s revenue was up 14.5% on a year-over-year basis. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 6.59 EPS for the current fiscal year.

Insight Enterprises Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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