Thrivent Financial for Lutherans Buys 709 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Thrivent Financial for Lutherans lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 192,551 shares of the software maker’s stock after buying an additional 709 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Insight Enterprises were worth $41,474,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC bought a new stake in Insight Enterprises during the second quarter worth approximately $38,000. EntryPoint Capital LLC bought a new position in shares of Insight Enterprises in the first quarter worth about $89,000. GAMMA Investing LLC raised its stake in shares of Insight Enterprises by 56.9% during the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after acquiring an additional 164 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after buying an additional 154 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new position in Insight Enterprises during the 2nd quarter valued at about $195,000.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on NSIT shares. Barrington Research reduced their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Redburn Atlantic initiated coverage on shares of Insight Enterprises in a report on Friday. They issued a “buy” rating and a $220.00 price target for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Trading Down 1.0 %

NASDAQ:NSIT opened at $150.00 on Tuesday. The stock has a fifty day moving average price of $201.83 and a 200 day moving average price of $202.73. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12-month low of $147.28 and a 12-month high of $228.07. The firm has a market cap of $4.76 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. Insight Enterprises’s revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.37 earnings per share. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Insight Enterprises Company 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.