Headlands Technologies LLC Acquires New Shares in Insight Enterprises, Inc. (NASDAQ:NSIT)

Headlands Technologies LLC acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the first quarter, according to its most recent filing with the SEC. The fund acquired 1,126 shares of the software maker’s stock, valued at approximately $209,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $40,000. SRS Capital Advisors Inc. bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $46,000. Signaturefd LLC raised its stake in shares of Insight Enterprises by 26.9% during the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after purchasing an additional 83 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $89,000. Finally, International Assets Investment Management LLC purchased a new position in Insight Enterprises during the fourth quarter worth about $94,000.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Adrian P. Gregory sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the transaction, the insider now owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Joyce A. Mullen sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the completion of the transaction, the chief executive officer now owns 40,807 shares of the company’s stock, valued at approximately $8,205,471.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total value of $538,532.50. Following the completion of the transaction, the insider now directly owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The disclosure for this sale can be found here. Insiders sold 462,750 shares of company stock valued at $89,169,833 in the last 90 days. Insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

NSIT has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. boosted their target price on Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Finally, Barrington Research boosted their target price on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a research report on Thursday, May 9th.

Insight Enterprises Price Performance

Shares of NSIT traded up $8.74 during midday trading on Tuesday, reaching $217.26. The stock had a trading volume of 102,279 shares, compared to its average volume of 220,290. The company’s 50-day moving average is $201.38 and its 200 day moving average is $190.32. Insight Enterprises, Inc. has a 12-month low of $131.59 and a 12-month high of $217.39. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $7.07 billion, a price-to-earnings ratio of 26.23, a price-to-earnings-growth ratio of 1.57 and a beta of 1.49.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.55. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. Insight Enterprises’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.78 EPS. On average, equities analysts predict that Insight Enterprises, Inc. will post 10.78 EPS for the current fiscal year.

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.