Ameriprise Financial Inc. Sells 24,778 Shares of Insight Enterprises, Inc. (NSIT)

Ameriprise Financial Inc. reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 231,301 shares of the software maker’s stock after selling 24,778 shares during the quarter. Ameriprise Financial Inc. owned 0.65% of Insight Enterprises worth $10,622,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NSIT. Arizona State Retirement System grew its stake in Insight Enterprises by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 18,620 shares of the software maker’s stock worth $745,000 after acquiring an additional 100 shares in the last quarter. Victory Capital Management Inc. grew its stake in Insight Enterprises by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock worth $103,000 after acquiring an additional 385 shares in the last quarter. Pacad Investment Ltd. grew its stake in Insight Enterprises by 16.9% in the 2nd quarter. Pacad Investment Ltd. now owns 7,600 shares of the software maker’s stock worth $304,000 after acquiring an additional 1,100 shares in the last quarter. Bayesian Capital Management LP grew its stake in Insight Enterprises by 21.6% in the 2nd quarter. Bayesian Capital Management LP now owns 6,423 shares of the software maker’s stock worth $257,000 after acquiring an additional 1,143 shares in the last quarter. Finally, Aperio Group LLC grew its stake in Insight Enterprises by 10.2% in the 2nd quarter. Aperio Group LLC now owns 13,038 shares of the software maker’s stock worth $521,000 after acquiring an additional 1,212 shares in the last quarter. 97.19% of the stock is currently owned by institutional investors.

Insight Enterprises, Inc. (NASDAQ:NSIT) traded up $0.72 during midday trading on Thursday, hitting $37.89. 182,322 shares of the stock were exchanged, compared to its average volume of 225,718. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. Insight Enterprises, Inc. has a 1 year low of $35.26 and a 1 year high of $53.19. The company has a market capitalization of $1,360.00, a P/E ratio of 14.03 and a beta of 1.56.

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 the Zacks’ consensus estimate 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 the consensus estimate of $1.59 billion. During the same period last year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up 26.2% on a year-over-year basis. equities research analysts expect that Insight Enterprises, Inc. will post 3.22 earnings per share for the current year.

A number of brokerages have commented on NSIT. BidaskClub downgraded shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Zacks Investment Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, B. Riley restated a “buy” rating and issued a $56.00 target price (up from $54.50) on shares of Insight Enterprises in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $48.00.

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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.

Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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