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

WCM Investment Management LLC grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 60.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 114,047 shares of the software maker's stock after purchasing an additional 43,186 shares during the period. WCM Investment Management LLC owned about 0.36% of Insight Enterprises worth $17,406,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC purchased a new stake in Insight Enterprises in the 1st quarter valued at about $952,000. Raymond James Financial Inc. bought a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $532,000. TT International Asset Management LTD purchased a new stake in shares of Insight Enterprises during the first quarter valued at approximately $3,705,000. Penobscot Investment Management Company Inc. increased its position in shares of Insight Enterprises by 241.8% during the first quarter. Penobscot Investment Management Company Inc. now owns 13,127 shares of the software maker's stock valued at $1,969,000 after acquiring an additional 9,287 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in Insight Enterprises during the fourth quarter worth $449,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NSIT shares. JPMorgan Chase & Co. reduced their price objective on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barrington Research restated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Performance

NASDAQ NSIT traded up $1.10 on Friday, hitting $143.86. 273,504 shares of the stock traded hands, compared to its average volume of 334,510. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.19 and a current ratio of 1.23. The business's fifty day moving average is $134.93 and its two-hundred day moving average is $147.71. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.33 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company earned $2.37 EPS. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts anticipate 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.