WCM Investment Management LLC Purchases 43,186 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

WCM Investment Management LLC increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,047 shares of the software maker's stock after buying an additional 43,186 shares during the period. WCM Investment Management LLC owned 0.36% of Insight Enterprises worth $17,406,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Insight Enterprises during the first quarter valued at about $27,000. Bessemer Group Inc. lifted its position in shares of Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in Insight Enterprises by 40.8% during the 4th 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 boosted its stake in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares during the period. Finally, Parallel Advisors LLC grew its holdings in Insight Enterprises by 40.4% in the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after buying an additional 95 shares during the last quarter.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock traded up $1.10 during trading on Friday, hitting $143.86. 273,504 shares of the company's stock traded hands, compared to its average volume of 333,496. The company has a market cap of $4.59 billion, a PE ratio of 28.77, a PEG ratio of 1.32 and a beta of 1.20. The firm's fifty day moving average price is $134.82 and its 200 day moving average price is $147.82. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data 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. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $2.37 earnings per share. The company's quarterly revenue was down 11.6% on a year-over-year basis. Analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company 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 note on Tuesday, May 20th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.