WCM Investment Management LLC Purchases 18,500 Shares of Insight Enterprises, Inc. $NSIT

WCM Investment Management LLC raised its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,547 shares of the software maker’s stock after purchasing an additional 18,500 shares during the period. WCM Investment Management LLC’s holdings in Insight Enterprises were worth $17,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NSIT. Massachusetts Financial Services Co. MA grew its holdings in Insight Enterprises by 48.0% during the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after purchasing an additional 181,104 shares during the period. Fiduciary Management Inc. WI boosted its holdings in shares of Insight Enterprises by 17.1% in the first quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker’s stock worth $142,377,000 after acquiring an additional 138,914 shares during the period. Nuveen LLC bought a new position in shares of Insight Enterprises in the first quarter worth $13,891,000. American Century Companies Inc. boosted its holdings in shares of Insight Enterprises by 105.2% in the first quarter. American Century Companies Inc. now owns 143,751 shares of the software maker’s stock worth $21,561,000 after acquiring an additional 73,696 shares during the period. Finally, Nomura Holdings Inc. boosted its holdings in shares of Insight Enterprises by 166.8% in the first quarter. Nomura Holdings Inc. now owns 88,076 shares of the software maker’s stock worth $13,211,000 after acquiring an additional 55,070 shares during the period.

Insight Enterprises Trading Up 0.4%

Shares of NSIT stock opened at $108.05 on Thursday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29. Insight Enterprises, Inc. has a 52-week low of $105.78 and a 52-week high of $224.51. The company has a market capitalization of $3.40 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 0.99 and a beta of 1.13. The business’s fifty day moving average is $121.37 and its 200 day moving average is $130.83.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter last year, the business posted $2.46 EPS. The company’s quarterly revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Insight Enterprises has a consensus rating of “Moderate Buy” and an average target price of $183.00.

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.