Shell Asset Management Co. Decreases Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Shell Asset Management Co. lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,689 shares of the software maker’s stock after selling 171 shares during the period. Shell Asset Management Co.’s holdings in Insight Enterprises were worth $870,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Insight Enterprises by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock valued at $718,326,000 after purchasing an additional 13,072 shares during the period. Capital World Investors increased its stake in Insight Enterprises by 3.5% during the fourth quarter. Capital World Investors now owns 1,682,004 shares of the software maker’s stock valued at $298,034,000 after purchasing an additional 56,715 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in shares of Insight Enterprises by 2.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 791,752 shares of the software maker’s stock worth $140,291,000 after purchasing an additional 21,501 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of 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 worth $112,577,000 after buying an additional 23,085 shares during the last quarter. Finally, Capital Research Global Investors grew its position in shares of Insight Enterprises by 43.6% during the 4th quarter. Capital Research Global Investors now owns 585,929 shares of the software maker’s stock valued at $103,821,000 after buying an additional 177,943 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO Joyce A. Mullen sold 10,000 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the completion of the sale, the chief executive officer now owns 40,807 shares in the company, valued at approximately $8,205,471.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO Joyce A. Mullen sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the completion of the sale, the chief executive officer now directly owns 40,807 shares in the company, valued at approximately $8,205,471.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Holdings L.P. Valueact sold 450,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the completion of the sale, the director now owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The disclosure for this sale can be found here. Insiders have sold 462,750 shares of company stock valued at $89,169,833 over the last three months. 1.23% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of research reports. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Stifel Nicolaus raised their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, Barrington Research raised their price objective on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th.

Insight Enterprises Stock Up 2.5 %

Shares of Insight Enterprises stock opened at $225.24 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The company has a market cap of $7.33 billion, a P/E ratio of 28.33, a P/E/G ratio of 1.70 and a beta of 1.49. The stock has a 50-day moving average price of $203.83 and a 200 day moving average price of $192.77. Insight Enterprises, Inc. has a 1 year low of $131.59 and a 1 year high of $226.39.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $1.78 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts expect that Insight Enterprises, Inc. will post 10.78 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.