Graham Capital Management L.P. Sells 322 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Graham Capital Management L.P. reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,487 shares of the software maker’s stock after selling 322 shares during the quarter. Graham Capital Management L.P.’s holdings in Insight Enterprises were worth $378,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Insight Enterprises in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new position in Insight Enterprises in the fourth quarter valued at approximately $33,000. J.Safra Asset Management Corp lifted its holdings in Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares during the period. NewEdge Advisors LLC lifted its holdings in Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after buying an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares during the period.

Insight Enterprises Trading Up 1.8%

NSIT opened at $137.08 on Friday. The firm’s fifty day moving average is $140.69 and its two-hundred day moving average is $154.29. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $4.38 billion, a PE ratio of 21.02, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $2.37 earnings per share. Equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analyst Ratings Changes

NSIT has been the topic of several analyst reports. Barrington Research cut their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $185.00.

Insight Enterprises 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.