James Investment Research Inc. Has $6.41 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

James Investment Research Inc. trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 42,147 shares of the software maker’s stock after selling 3,154 shares during the period. James Investment Research Inc.’s holdings in Insight Enterprises were worth $6,411,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth about $32,000. R Squared Ltd acquired a new stake in Insight Enterprises during the 4th quarter worth approximately $33,000. Blue Trust Inc. lifted its stake in Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after buying an additional 139 shares in the last quarter. KBC Group NV boosted its holdings in shares of Insight Enterprises by 71.6% in the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock valued at $179,000 after buying an additional 491 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Insight Enterprises during the third quarter worth $203,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barrington Research cut their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Redburn Atlantic initiated coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Down 1.2 %

Insight Enterprises stock opened at $165.58 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a fifty day simple moving average of $162.44 and a 200 day simple moving average of $183.13. The company has a market cap of $5.26 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $2.98 earnings per share. Research analysts anticipate that Insight Enterprises, Inc. will post 9.9 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.