Wellington Management Group LLP Trims Stock Holdings in Insight Enterprises, Inc. $NSIT

Key Points

• Wellington Management Group LLP reduced its stake in Insight Enterprises, selling 58,731 shares, representing a 21.7% decrease, leaving it with 212,066 shares valued at approximately $31.8 million.
• Despite reporting earnings of $2.45 per share for the last quarter, Insight Enterprises fell short of analyst expectations, which estimated $2.49 per share, with revenue declining by 3.3% year-over-year.
• Analysts have generally given Insight Enterprises a "Moderate Buy" consensus rating, with a target price of around $183.00, indicating a positive outlook for future performance.

Wellington Management Group LLP decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 21.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,066 shares of the software maker's stock after selling 58,731 shares during the quarter. Wellington Management Group LLP owned 0.66% of Insight Enterprises worth $31,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after buying an additional 2,944 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Insight Enterprises by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock worth $83,748,000 after buying an additional 181,104 shares during the last quarter. Northern Trust Corp increased its stake in Insight Enterprises by 16.5% in the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock worth $67,917,000 after purchasing an additional 63,200 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Insight Enterprises by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker's stock worth $55,272,000 after purchasing an additional 3,866 shares during the period. Finally, GAMMA Investing LLC increased its stake in Insight Enterprises by 42,674.8% in the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock worth $259,840,000 after purchasing an additional 172,833 shares during the period.

Insight Enterprises Trading Up 0.4%

Shares of NSIT traded up $0.51 during mid-day trading on Friday, hitting $130.16. 290,878 shares of the company's stock traded hands, compared to its average volume of 399,520. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 1 year low of $115.68 and a 1 year high of $225.38. The firm has a market capitalization of $4.10 billion, a P/E ratio of 31.06, a PEG ratio of 1.20 and a beta of 1.21. The business's 50-day moving average price is $134.81 and its 200-day moving average price is $139.69.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.15 billion. During the same period last year, the firm posted $2.46 earnings per share. Insight Enterprises's quarterly revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NSIT. Barrington Research reaffirmed an "outperform" rating and issued a $164.00 price target on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $183.00.

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.