Bailard Inc. Purchases 556 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Bailard Inc. grew its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 24,474 shares of the software maker’s stock after acquiring an additional 556 shares during the period. Bailard Inc.’s holdings in Insight Enterprises were worth $4,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NSIT. Vanguard Group Inc. grew its stake in shares of Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after acquiring an additional 245,814 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Insight Enterprises by 53.1% in the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after purchasing an additional 247,049 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in Insight Enterprises by 3.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after buying an additional 23,085 shares during the last quarter. 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 valued at $45,019,000 after buying an additional 21,953 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Insight Enterprises by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 282,061 shares of the software maker’s stock valued at $41,040,000 after buying an additional 26,223 shares during the last quarter.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the stock in a transaction on 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 in the company, valued at $810,324.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now owns 23,009 shares in the company, valued at $4,316,948.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the stock in a transaction on 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 quarter. 1.23% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on NSIT shares. Stifel Nicolaus raised their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Barrington Research reiterated an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday.

Insight Enterprises Trading Down 0.7 %

Shares of Insight Enterprises stock traded down $1.23 during midday trading on Thursday, reaching $183.13. 127,268 shares of the company’s stock traded hands, compared to its average volume of 235,009. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market cap of $5.96 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.35 and a beta of 1.51. The stock has a 50 day moving average of $184.55 and a 200-day moving average of $172.85. Insight Enterprises, Inc. has a 12 month low of $117.99 and a 12 month high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. Insight Enterprises’s revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.53 EPS. As a group, equities analysts expect 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.