Insight Enterprises, Inc. $NSIT Stock Position Lifted by WCM Investment Management LLC

WCM Investment Management LLC lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,969 shares of the software maker’s stock after acquiring an additional 15,422 shares during the quarter. WCM Investment Management LLC owned approximately 0.47% of Insight Enterprises worth $16,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Insight Enterprises during the third quarter worth $48,000. MTM Investment Management LLC bought a new position in Insight Enterprises during the second quarter worth $55,000. Covestor Ltd grew its position in Insight Enterprises by 24.3% in the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after purchasing an additional 130 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after buying an additional 160 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $116,000.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $79.06 on Wednesday. The stock has a market cap of $2.45 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 0.40 and a beta of 0.93. The stock has a 50-day moving average of $83.61 and a 200-day moving average of $104.20. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.27. Insight Enterprises, Inc. has a one year low of $77.10 and a one year high of $181.92.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NSIT. Barrington Research reiterated an “outperform” rating and set a $120.00 target price on shares of Insight Enterprises in a research report on Tuesday, January 27th. Canaccord Genuity Group assumed coverage on Insight Enterprises in a report on Wednesday, November 19th. They set a “hold” rating and a $100.00 target price on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Weiss Ratings lowered Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $103.33.

About Insight Enterprises

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.