WCM Investment Management LLC Cuts Stock Holdings in Insight Enterprises, Inc. $NSIT

WCM Investment Management LLC reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 33.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,071 shares of the software maker’s stock after selling 47,817 shares during the period. WCM Investment Management LLC’s holdings in Insight Enterprises were worth $6,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Insight Enterprises by 31.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock valued at $21,033,000 after purchasing an additional 59,987 shares in the last quarter. Country Trust Bank increased its position in shares of Insight Enterprises by 45.6% in the fourth quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock valued at $22,761,000 after buying an additional 87,538 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Insight Enterprises by 64.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock worth $22,336,000 after buying an additional 76,992 shares during the period. WINTON GROUP Ltd purchased a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $4,400,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Insight Enterprises by 21.9% during the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock valued at $15,353,000 after buying an additional 33,880 shares in the last quarter.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the purchase, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.21% of the stock is owned by company insiders.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $114.19 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $148.58. The firm has a market capitalization of $3.45 billion, a PE ratio of 19.96, a P/E/G ratio of 1.06 and a beta of 1.08. The business’s 50 day moving average price is $108.61 and its 200-day moving average price is $89.63.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, beating the consensus estimate of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. During the same period in the prior year, the company earned $2.06 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities research analysts expect that Insight Enterprises, Inc. will post 10.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on NSIT. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research note on Friday, May 8th. Finally, Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.