Capital International Investors Acquires New Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Capital International Investors purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 182,002 shares of the software maker’s stock, valued at approximately $33,765,000. Capital International Investors owned 0.56% of Insight Enterprises at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in Insight Enterprises during the fourth quarter worth about $40,000. SRS Capital Advisors Inc. purchased a new stake in shares of Insight Enterprises during the fourth quarter worth approximately $46,000. Signaturefd LLC increased its stake in shares of Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after buying an additional 83 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Insight Enterprises during the first quarter worth approximately $89,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter worth approximately $94,000.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Barrington Research upped their target price on shares of Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Stifel Nicolaus upped their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd.

Insider Activity

In other Insight Enterprises news, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the transaction, the director now owns 4,061,739 shares in the company, valued at $781,844,140.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction 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 owns 3,447 shares in the company, valued at $675,026.01. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Holdings L.P. Valueact sold 450,000 shares of Insight Enterprises stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total value of $86,620,500.00. Following the sale, the director now owns 4,061,739 shares of the company’s stock, valued at approximately $781,844,140.11. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 462,750 shares of company stock valued at $89,169,833. 1.23% of the stock is currently owned by company insiders.

Insight Enterprises Stock Up 2.5 %

NSIT traded up $5.49 on Friday, reaching $225.24. The company’s stock had a trading volume of 170,179 shares, compared to its average volume of 219,539. The stock has a 50 day moving average of $203.46 and a two-hundred day moving average of $192.43. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 1.68 and a beta of 1.49. Insight Enterprises, Inc. has a fifty-two week low of $131.59 and a fifty-two week high of $226.39.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data 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 business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.78 earnings per share. As a group, analysts forecast that Insight Enterprises, Inc. will post 10.78 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.