Frontier Capital Management Co. LLC cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 538,857 shares of the software maker’s stock after selling 19,996 shares during the period. Frontier Capital Management Co. LLC’s holdings in Insight Enterprises were worth $20,633,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of NSIT. Victory Capital Management Inc. lifted its stake in Insight Enterprises by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock worth $103,000 after purchasing an additional 385 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Insight Enterprises in the third quarter worth $156,000. CIBC Asset Management Inc bought a new stake in Insight Enterprises in the third quarter worth $205,000. Eqis Capital Management Inc. bought a new stake in Insight Enterprises in the third quarter worth $211,000. Finally, Amalgamated Bank bought a new stake in Insight Enterprises in the third quarter worth $223,000. 97.19% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on NSIT shares. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, January 3rd. B. Riley reissued a “buy” rating and issued a $56.00 price target (up from $54.50) on shares of Insight Enterprises in a research note on Wednesday, November 8th. ValuEngine downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, BidaskClub downgraded shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Insight Enterprises has an average rating of “Hold” and an average target price of $48.00.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 26.2% compared to the same quarter last year. equities research analysts expect that Insight Enterprises, Inc. will post 3.22 EPS for the current fiscal year.
About Insight Enterprises
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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