TD Asset Management Inc Reduces Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

TD Asset Management Inc lowered its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 38.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,958 shares of the software maker's stock after selling 8,038 shares during the quarter. TD Asset Management Inc's holdings in Insight Enterprises were worth $1,944,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in Insight Enterprises by 79.2% during the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Insight Enterprises during the 1st quarter worth approximately $952,000. WCM Investment Management LLC lifted its holdings in shares of Insight Enterprises by 60.9% during the 1st quarter. WCM Investment Management LLC now owns 114,047 shares of the software maker's stock valued at $17,406,000 after purchasing an additional 43,186 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Insight Enterprises during the fourth quarter valued at about $532,000. Finally, TT International Asset Management LTD acquired a new position in Insight Enterprises during the 1st quarter valued at approximately $3,705,000.

Wall Street Analysts Forecast Growth

NSIT has been the subject of a number of research reports. Barrington Research reaffirmed an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, July 21st. JPMorgan Chase & Co. upped their target price on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th.

Insight Enterprises Price Performance

Shares of NSIT stock traded up $0.03 on Thursday, reaching $117.26. 242,626 shares of the company were exchanged, compared to its average volume of 362,092. The business has a 50-day moving average price of $136.04 and a 200 day moving average price of $144.83. Insight Enterprises, Inc. has a 1 year low of $115.68 and a 1 year high of $225.38. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 28.01, a P/E/G ratio of 1.09 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. Insight Enterprises's revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

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.