WCM Investment Management LLC Purchases Shares of 70,861 Insight Enterprises, Inc. (NASDAQ:NSIT)

WCM Investment Management LLC purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 70,861 shares of the software maker’s stock, valued at approximately $10,643,000. WCM Investment Management LLC owned about 0.22% of Insight Enterprises as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in Insight Enterprises during the 4th quarter worth $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at about $33,000. Blue Trust Inc. increased its stake in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after buying an additional 139 shares during the period. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 72.6% during the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker’s stock worth $168,000 after acquiring an additional 328 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Insight Enterprises by 71.6% in the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock worth $179,000 after acquiring an additional 491 shares during the period.

Insight Enterprises Price Performance

Shares of NSIT opened at $167.47 on Monday. The firm has a market cap of $5.32 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The business’s 50 day moving average price is $161.84 and its two-hundred day moving average price is $184.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the firm posted $2.98 EPS. On average, equities analysts anticipate that Insight Enterprises, Inc. will post 9.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NSIT shares. Redburn Atlantic started coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research decreased their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $212.50.

Insight Enterprises Company 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.