Versor Investments LP Boosts Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Versor Investments LP grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 223.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,083 shares of the software maker's stock after purchasing an additional 4,200 shares during the quarter. Versor Investments LP's holdings in Insight Enterprises were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in Insight Enterprises by 53.1% during the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker's stock worth $126,194,000 after buying an additional 247,049 shares during the period. Vanguard Group Inc. boosted its holdings in Insight Enterprises by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker's stock worth $598,220,000 after acquiring an additional 245,814 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Insight Enterprises in the 3rd quarter worth $12,131,000. Kennedy Capital Management LLC raised its holdings in shares of Insight Enterprises by 83.1% in the third quarter. Kennedy Capital Management LLC now owns 164,489 shares of the software maker's stock valued at $23,933,000 after purchasing an additional 74,655 shares during the last quarter. Finally, Tudor Investment Corp Et Al lifted its position in shares of Insight Enterprises by 169.4% during the third quarter. Tudor Investment Corp Et Al now owns 72,503 shares of the software maker's stock valued at $10,549,000 after purchasing an additional 45,588 shares in the last quarter.

Insight Enterprises Stock Performance

NSIT traded up $2.35 during midday trading on Friday, reaching $206.28. The company had a trading volume of 145,151 shares, compared to its average volume of 257,510. Insight Enterprises, Inc. has a 12-month low of $122.92 and a 12-month high of $206.64. The business has a 50-day moving average price of $186.15 and a two-hundred day moving average price of $176.78. The stock has a market cap of $6.72 billion, a PE ratio of 25.95, a P/E/G ratio of 1.48 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.27.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.55. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The company had revenue of $2.38 billion for the quarter, compared to analysts' expectations of $2.30 billion. During the same quarter in the previous year, the firm posted $1.78 EPS. Insight Enterprises's revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Insight Enterprises, Inc. will post 10.78 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In other news, CEO Joyce A. Mullen sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the sale, the chief executive officer now owns 40,807 shares of the company's stock, valued at $8,205,471.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the sale, the director now owns 5,800 shares of the company's stock, valued at approximately $1,073,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares of the company's stock, valued at approximately $8,205,471.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,918 shares of company stock worth $5,899,003. 1.23% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several analyst reports. Barrington Research increased their price objective on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday. StockNews.com lowered Insight Enterprises from a "buy" rating to a "hold" rating in a report on Saturday. Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the stock a "hold" rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $193.00 to $195.00 and gave the company a "neutral" rating in a research note on Friday, May 3rd.

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.