WCM Investment Management LLC Takes $10.64 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

WCM Investment Management LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 70,861 shares of the software maker's stock, valued at approximately $10,643,000. WCM Investment Management LLC owned approximately 0.22% of Insight Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at $32,000. R Squared Ltd purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at $33,000. Blue Trust Inc. lifted its position in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after acquiring an additional 139 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Insight Enterprises by 72.6% in the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock valued at $168,000 after acquiring an additional 328 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Insight Enterprises in the third quarter valued at $203,000.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NSIT. Barrington Research reduced their price objective on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Redburn Atlantic began coverage on Insight Enterprises in a research report on Friday, November 15th. They issued a "buy" rating and a $220.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Insight Enterprises currently has an average rating of "Hold" and an average price target of $212.50.

Insight Enterprises Trading Up 0.7 %

Insight Enterprises stock traded up $1.22 during trading on Thursday, hitting $167.57. The company's stock had a trading volume of 210,190 shares, compared to its average volume of 390,138. The stock has a market capitalization of $5.32 billion, a price-to-earnings ratio of 25.70, a P/E/G ratio of 1.43 and a beta of 1.42. The stock's fifty day moving average is $162.23 and its 200 day moving average is $183.93. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating 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 company earned $2.98 earnings per share. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 9.9 EPS for the current 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.