Xponance Inc. Purchases 382 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Xponance Inc. grew its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 22.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,101 shares of the software maker’s stock after buying an additional 382 shares during the quarter. Xponance Inc.’s holdings in Insight Enterprises were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB raised its holdings in Insight Enterprises by 34.2% in the 3rd quarter. Handelsbanken Fonder AB now owns 3,530 shares of the software maker’s stock worth $514,000 after purchasing an additional 900 shares during the period. Raymond James & Associates raised its holdings in Insight Enterprises by 3.7% in the 3rd quarter. Raymond James & Associates now owns 5,602 shares of the software maker’s stock worth $815,000 after purchasing an additional 199 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Insight Enterprises by 6.1% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,510 shares of the software maker’s stock worth $365,000 after purchasing an additional 145 shares during the period. GW Henssler & Associates Ltd. bought a new position in Insight Enterprises in the 3rd quarter worth $246,000. Finally, Bank of New York Mellon Corp raised its holdings in Insight Enterprises by 7.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 309,407 shares of the software maker’s stock worth $45,019,000 after purchasing an additional 21,953 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th. JPMorgan Chase & Co. raised their price target on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barrington Research reissued an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, April 23rd. Finally, StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

Insider Activity

In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at $810,324.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Richard E. Allen sold 10,000 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the transaction, the director now owns 30,647 shares in the company, valued at $5,680,114.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 over the last 90 days. Corporate insiders own 1.23% of the company’s stock.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $182.75 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $184.61 and its two-hundred day simple moving average is $173.18. The stock has a market cap of $5.95 billion, a PE ratio of 24.21, a P/E/G ratio of 1.33 and a beta of 1.51. Insight Enterprises, Inc. has a 52 week low of $117.99 and a 52 week high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. As a group, analysts forecast that Insight Enterprises, Inc. will post 10.59 EPS for the current fiscal year.

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.