Vaughan Nelson Investment Management L.P. Trims Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Vaughan Nelson Investment Management L.P. lowered its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 37.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,968 shares of the software maker's stock after selling 115,385 shares during the period. Vaughan Nelson Investment Management L.P. owned 0.61% of Insight Enterprises worth $29,094,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of NSIT. Dimensional Fund Advisors LP increased 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 valued at $124,934,000 after acquiring an additional 2,944 shares during the period. Northern Trust Corp increased its holdings in shares of Insight Enterprises by 16.5% in the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after purchasing an additional 63,200 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Insight Enterprises during the fourth quarter worth approximately $57,380,000. Norges Bank acquired a new stake in shares of Insight Enterprises during the fourth quarter worth $47,585,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after purchasing an additional 107,397 shares during the period.

Analyst Ratings Changes

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

Insight Enterprises Price Performance

NSIT stock traded up $0.71 on Wednesday, reaching $134.12. 122,166 shares of the company's stock were exchanged, compared to its average volume of 327,379. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.60. The stock has a fifty day moving average of $134.25 and a 200-day moving average of $149.78. The firm has a market cap of $4.28 billion, a PE ratio of 26.74, a P/E/G ratio of 1.22 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.37 earnings per share. As a group, equities analysts predict that Insight Enterprises, Inc. will post 9.89 EPS 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.