WCM Investment Management LLC Has $17.90 Million Stock Position in Insight Enterprises, Inc. $NSIT

Key Points

• WCM Investment Management LLC increased its stake in Insight Enterprises by 16.2%, owning approximately $17.90 million worth of stock after purchasing an additional 18,500 shares in the second quarter.
• Several institutional investors made significant changes to their holdings of Insight Enterprises, with Massachusetts Financial Services increasing its stake by 48.0% and American Century Companies raising theirs by 105.2%.
• Analysts have mixed views on Insight Enterprises, with an average rating of "Moderate Buy" and higher price targets set by firms like JPMorgan Chase & Co. and Barrington Research.

WCM Investment Management LLC increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 16.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 132,547 shares of the software maker's stock after buying an additional 18,500 shares during the quarter. WCM Investment Management LLC owned about 0.42% of Insight Enterprises worth $17,898,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NSIT. Massachusetts Financial Services Co. MA raised its stake in shares of Insight Enterprises by 48.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock worth $83,748,000 after purchasing an additional 181,104 shares during the last quarter. Fiduciary Management Inc. WI raised its stake in shares of Insight Enterprises by 17.1% in the first quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker's stock worth $142,377,000 after purchasing an additional 138,914 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Insight Enterprises in the first quarter worth approximately $13,891,000. American Century Companies Inc. raised its stake in shares of Insight Enterprises by 105.2% in the first quarter. American Century Companies Inc. now owns 143,751 shares of the software maker's stock worth $21,561,000 after purchasing an additional 73,696 shares during the last quarter. Finally, Nomura Holdings Inc. raised its stake in shares of Insight Enterprises by 166.8% in the first quarter. Nomura Holdings Inc. now owns 88,076 shares of the software maker's stock worth $13,211,000 after purchasing an additional 55,070 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on NSIT shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $183.00.

Insight Enterprises Stock Performance

Shares of NSIT opened at $108.05 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 25.79, a PEG ratio of 0.99 and a beta of 1.13. The stock has a 50 day moving average of $121.37 and a 200 day moving average of $130.83. Insight Enterprises, Inc. has a 12 month low of $105.78 and a 12 month high of $224.51.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly 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 for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the business posted $2.46 earnings per share. The business's revenue was down 3.3% compared to the same quarter last year. 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 earnings per share for the current 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.

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