Sei Investments Co. boosted its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 112.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,830 shares of the software maker’s stock after purchasing an additional 21,119 shares during the period. Sei Investments Co. owned about 0.11% of Insight Enterprises worth $1,391,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Insight Enterprises by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 592,580 shares of the software maker’s stock valued at $22,690,000 after purchasing an additional 1,799 shares during the period. Piermont Capital Management Inc. lifted its position in Insight Enterprises by 2.3% during the first quarter. Piermont Capital Management Inc. now owns 84,018 shares of the software maker’s stock valued at $2,935,000 after purchasing an additional 1,870 shares during the period. Trexquant Investment LP lifted its position in Insight Enterprises by 38.1% during the first quarter. Trexquant Investment LP now owns 7,254 shares of the software maker’s stock valued at $253,000 after purchasing an additional 2,002 shares during the period. Comerica Bank lifted its position in Insight Enterprises by 2.9% during the first quarter. Comerica Bank now owns 82,590 shares of the software maker’s stock valued at $2,958,000 after purchasing an additional 2,356 shares during the period. Finally, Swiss National Bank lifted its position in Insight Enterprises by 4.5% during the first quarter. Swiss National Bank now owns 62,400 shares of the software maker’s stock valued at $2,180,000 after purchasing an additional 2,700 shares during the period. Institutional investors own 96.99% of the company’s stock.
Insight Enterprises opened at $49.61 on Wednesday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.44 and a current ratio of 1.58. Insight Enterprises, Inc. has a 1-year low of $32.10 and a 1-year high of $51.28. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 13.59 and a beta of 1.46.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Wednesday, May 2nd. The software maker reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.34. Insight Enterprises had a net margin of 1.57% and a return on equity of 15.75%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned $0.38 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. equities analysts anticipate that Insight Enterprises, Inc. will post 4.38 EPS for the current year.
In other Insight Enterprises news, Director Timothy A. Crown sold 7,500 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $46.82, for a total value of $351,150.00. Following the transaction, the director now directly owns 78,186 shares in the company, valued at $3,660,668.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kenneth T. Lamneck sold 10,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The stock was sold at an average price of $47.78, for a total transaction of $477,800.00. Following the completion of the transaction, the chief executive officer now owns 222,401 shares in the company, valued at $10,626,319.78. The disclosure for this sale can be found here. Insiders sold 70,231 shares of company stock worth $3,249,128 over the last quarter. Insiders own 1.77% of the company’s stock.
A number of brokerages recently weighed in on NSIT. BidaskClub upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 8th. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a research report on Saturday, May 5th. Finally, ValuEngine downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $48.00.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT).
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.