Anchor Investment Management LLC Sells 150 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Anchor Investment Management LLC reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 30.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 350 shares of the software maker’s stock after selling 150 shares during the quarter. Anchor Investment Management LLC’s holdings in Insight Enterprises were worth $53,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in NSIT. Barclays PLC lifted its stake in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after buying an additional 36,132 shares in the last quarter. Coldstream Capital Management Inc. bought a new stake in Insight Enterprises in the third quarter worth $203,000. World Investment Advisors LLC purchased a new stake in shares of Insight Enterprises during the 3rd quarter valued at about $2,609,000. Hennessy Advisors Inc. bought a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $39,242,000. Finally, Romano Brothers AND Company lifted its position in Insight Enterprises by 2.7% in the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after buying an additional 100 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut their target price on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $202.25.

Insight Enterprises Price Performance

NSIT opened at $133.32 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The business’s fifty day simple moving average is $151.48 and its 200-day simple moving average is $166.63. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.40 and a beta of 1.31.

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

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.