Man Group plc Has $2.27 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Man Group plc grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 138.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,906 shares of the software maker's stock after purchasing an additional 8,654 shares during the period. Man Group plc's holdings in Insight Enterprises were worth $2,267,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nomura Holdings Inc. bought a new position in Insight Enterprises during the fourth quarter worth about $5,020,000. Needham Investment Management LLC lifted its holdings in shares of Insight Enterprises by 150.0% during the 4th quarter. Needham Investment Management LLC now owns 12,500 shares of the software maker's stock valued at $1,901,000 after purchasing an additional 7,500 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Insight Enterprises by 128.9% in the 4th quarter. Lazard Asset Management LLC now owns 12,463 shares of the software maker's stock valued at $1,894,000 after purchasing an additional 7,018 shares during the period. Ethic Inc. raised its holdings in Insight Enterprises by 18.2% during the 4th quarter. Ethic Inc. now owns 4,176 shares of the software maker's stock worth $635,000 after buying an additional 642 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $229,000.

Wall Street Analyst Weigh In

NSIT has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barrington Research reissued an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Insight Enterprises has an average rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Stock Performance

NSIT stock traded down $1.91 during mid-day trading on Wednesday, hitting $135.02. 25,356 shares of the company were exchanged, compared to its average volume of 323,335. The stock has a market capitalization of $4.31 billion, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. 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 1-year low of $126.10 and a 1-year high of $228.07. The business has a 50 day simple moving average of $137.97 and a 200-day simple moving average of $152.10.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.37 earnings per share. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share 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.