Pacific Ridge Capital Partners LLC Increases Stake in Insight Enterprises, Inc. (NSIT)

Pacific Ridge Capital Partners LLC grew its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 41,010 shares of the software maker’s stock after buying an additional 2,000 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Insight Enterprises were worth $2,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSIT. Paradigm Capital Management Inc. NY acquired a new position in shares of Insight Enterprises during the second quarter valued at about $32,989,000. BlackRock Inc. raised its holdings in shares of Insight Enterprises by 4.1% during the third quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock valued at $278,699,000 after purchasing an additional 201,482 shares during the period. FMR LLC raised its holdings in shares of Insight Enterprises by 33.3% during the third quarter. FMR LLC now owns 483,641 shares of the software maker’s stock valued at $26,160,000 after purchasing an additional 120,810 shares during the period. Chicago Equity Partners LLC raised its holdings in shares of Insight Enterprises by 1,343.4% during the third quarter. Chicago Equity Partners LLC now owns 95,335 shares of the software maker’s stock valued at $5,157,000 after purchasing an additional 88,730 shares during the period. Finally, Martingale Asset Management L P acquired a new position in shares of Insight Enterprises during the third quarter valued at about $4,297,000. Hedge funds and other institutional investors own 98.00% of the company’s stock.

NSIT opened at $42.54 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.51 and a debt-to-equity ratio of 0.27. Insight Enterprises, Inc. has a fifty-two week low of $32.10 and a fifty-two week high of $56.86. The stock has a market capitalization of $1.55 billion, a P/E ratio of 10.65 and a beta of 1.11.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Wednesday, November 7th. The software maker reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). Insight Enterprises had a return on equity of 16.60% and a net margin of 1.83%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $0.73 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities analysts forecast that Insight Enterprises, Inc. will post 4.42 EPS for the current fiscal year.

NSIT has been the topic of a number of analyst reports. BidaskClub lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 20th. ValuEngine lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. B. Riley lowered their target price on shares of Insight Enterprises from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, November 8th. Finally, Zacks Investment Research lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Saturday, November 10th.

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Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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

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