SG Americas Securities LLC Sells 15,618 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

SG Americas Securities LLC cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 89.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,871 shares of the software maker's stock after selling 15,618 shares during the quarter. SG Americas Securities LLC's holdings in Insight Enterprises were worth $332,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Federated Hermes Inc. boosted its stake in Insight Enterprises by 40.2% in the 3rd quarter. Federated Hermes Inc. now owns 366 shares of the software maker's stock valued at $30,000 after purchasing an additional 105 shares during the period. Ronald Blue Trust Inc. lifted its position in shares of Insight Enterprises by 182.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker's stock valued at $71,000 after acquiring an additional 314 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $89,000. Fortis Capital Advisors LLC bought a new stake in shares of Insight Enterprises during the 1st quarter valued at $107,000. Finally, Belpointe Asset Management LLC lifted its position in shares of Insight Enterprises by 3,735.0% during the 1st quarter. Belpointe Asset Management LLC now owns 767 shares of the software maker's stock valued at $110,000 after acquiring an additional 747 shares during the period.

Analyst Ratings Changes

NSIT has been the subject of a number of recent analyst reports. Barrington Research reiterated an "outperform" rating and set a $211.00 target price on shares of Insight Enterprises in a research report on Tuesday, March 5th. StockNews.com downgraded Insight Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, January 26th.

Insight Enterprises Price Performance

Shares of NSIT stock traded down $0.07 on Tuesday, hitting $186.30. 109,641 shares of the company's stock were exchanged, compared to its average volume of 242,238. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. Insight Enterprises, Inc. has a 12 month low of $117.99 and a 12 month high of $194.57. The stock has a market cap of $6.06 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.51. The company has a 50 day moving average of $185.71 and a 200 day moving average of $170.10.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the company earned $2.53 earnings per share. Insight Enterprises's quarterly revenue was down 10.7% compared to the same quarter last year. On average, equities research analysts predict that Insight Enterprises, Inc. will post 10.59 EPS for the current year.

Insider Buying and Selling

In other Insight Enterprises news, Director Kathleen S. Pushor sold 1,790 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the transaction, the director now owns 5,800 shares of the company's stock, valued at approximately $1,073,696. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Insight Enterprises news, Director Kathleen S. Pushor sold 1,790 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the transaction, the director now owns 5,800 shares of the company's stock, valued at approximately $1,073,696. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company's stock, valued at approximately $810,324.12. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 in the last ninety days. 1.02% of the stock is owned by insiders.

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.