O Shaughnessy Asset Management LLC Buys 1,467 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

O Shaughnessy Asset Management LLC raised its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,322 shares of the software maker’s stock after buying an additional 1,467 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Insight Enterprises were worth $2,843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cynosure Group LLC bought a new stake in shares of Insight Enterprises in the 1st quarter valued at about $307,000. Edgestream Partners L.P. grew its position in shares of Insight Enterprises by 215.6% in the 1st quarter. Edgestream Partners L.P. now owns 27,186 shares of the software maker’s stock valued at $5,044,000 after buying an additional 18,573 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Insight Enterprises by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock valued at $718,326,000 after buying an additional 13,072 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Insight Enterprises by 28.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 405,407 shares of the software maker’s stock valued at $75,211,000 after buying an additional 88,641 shares during the last quarter. Finally, First Foundation Advisors bought a new stake in shares of Insight Enterprises in the 1st quarter valued at about $195,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Stifel Nicolaus upped their price target on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. boosted 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. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Barrington Research boosted their price objective on Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th.

Insight Enterprises Stock Down 2.7 %

NSIT stock traded down $5.95 during trading on Wednesday, reaching $216.70. 231,459 shares of the stock were exchanged, compared to its average volume of 220,085. The firm’s 50 day moving average is $203.12 and its 200 day moving average is $192.07. Insight Enterprises, Inc. has a twelve month low of $131.59 and a twelve month high of $225.00. 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 firm has a market cap of $7.06 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.68 and a beta of 1.49.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, research analysts forecast that Insight Enterprises, Inc. will post 10.78 EPS for the current year.

Insider Buying and Selling

In related 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 transaction, the insider now directly owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, 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 sale, the insider now directly owns 3,447 shares of the company’s stock, valued at $675,026.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The disclosure for this sale can be found here. In the last three months, insiders have sold 462,750 shares of company stock valued at $89,169,833. 1.23% of the stock is owned by company insiders.

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.