Oregon Public Employees Retirement Fund Sells 150 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Oregon Public Employees Retirement Fund cut its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,412 shares of the software maker’s stock after selling 150 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Insight Enterprises were worth $975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NSIT. Wealth Enhancement Advisory Services LLC increased its stake in shares of Insight Enterprises by 10.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker’s stock valued at $255,000 after acquiring an additional 107 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Insight Enterprises by 65.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock valued at $5,078,000 after acquiring an additional 9,289 shares during the last quarter. Van ECK Associates Corp increased its stake in Insight Enterprises by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 16,294 shares of the software maker’s stock worth $3,438,000 after purchasing an additional 4,656 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in Insight Enterprises during the 3rd quarter worth approximately $1,166,000. Finally, Forte Capital LLC ADV bought a new stake in Insight Enterprises during the 3rd quarter worth approximately $3,141,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NSIT shares. Redburn Atlantic started coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research lowered their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Price Performance

Shares of NSIT opened at $153.88 on Friday. The stock has a market capitalization of $4.89 billion, a P/E ratio of 23.60, a P/E/G ratio of 1.40 and a beta of 1.42. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The company has a 50 day moving average of $162.63 and a 200-day moving average of $181.12. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the company posted $2.98 earnings per share. As a group, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

About Insight Enterprises

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.