Wellington Management Group LLP Raises Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Wellington Management Group LLP boosted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 65.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 270,797 shares of the software maker's stock after buying an additional 107,397 shares during the quarter. Wellington Management Group LLP owned approximately 0.85% of Insight Enterprises worth $41,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Golden State Wealth Management LLC purchased a new stake in Insight Enterprises in the 4th quarter worth $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at about $33,000. J.Safra Asset Management Corp grew its position in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC increased its stake in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the last quarter.

Insight Enterprises Price Performance

NSIT traded down $1.73 on Monday, reaching $128.66. 238,048 shares of the company's stock were exchanged, compared to its average volume of 325,134. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The stock has a market cap of $4.11 billion, a PE ratio of 19.73, a P/E/G ratio of 1.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock's fifty day moving average price is $136.47 and its 200-day moving average price is $151.46.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business's revenue was down 11.6% on a year-over-year basis. During the same period last year, the company posted $2.37 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barrington Research restated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $185.00.

About Insight Enterprises

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.