Wedge Capital Management L L P NC Increases Stake in Insight Enterprises, Inc. (NSIT)

Wedge Capital Management L L P NC lifted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 292,779 shares of the software maker’s stock after purchasing an additional 11,082 shares during the period. Wedge Capital Management L L P NC’s holdings in Insight Enterprises were worth $11,211,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Macquarie Group Ltd. purchased a new stake in Insight Enterprises during the third quarter valued at approximately $156,000. CIBC Asset Management Inc purchased a new stake in Insight Enterprises during the third quarter valued at approximately $205,000. Eqis Capital Management Inc. purchased a new stake in Insight Enterprises during the third quarter valued at approximately $211,000. Amalgamated Bank purchased a new stake in Insight Enterprises during the third quarter valued at approximately $223,000. Finally, Highbridge Capital Management LLC purchased a new stake in Insight Enterprises during the third quarter valued at approximately $333,000. 96.04% of the stock is owned by institutional investors.

Shares of Insight Enterprises, Inc. (NSIT) opened at $34.25 on Tuesday. Insight Enterprises, Inc. has a 52-week low of $34.23 and a 52-week high of $53.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.59 and a current ratio of 1.84. The company has a market cap of $1,307.85, a P/E ratio of 12.69 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business posted $0.62 EPS. Insight Enterprises’s revenue for the quarter was up 26.2% compared to the same quarter last year. equities analysts forecast that Insight Enterprises, Inc. will post 3.22 EPS for the current fiscal year.

A number of equities research analysts recently commented on NSIT shares. B. Riley reissued a “buy” rating and set a $56.00 target price (up previously from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. ValuEngine cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. BidaskClub cut shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Finally, Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $48.00.

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Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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