Wellington Management Group LLP Sells 15,356 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Wellington Management Group LLP lessened its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,674 shares of the software maker’s stock after selling 15,356 shares during the period. Wellington Management Group LLP owned 0.65% of Insight Enterprises worth $37,684,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its position in Insight Enterprises by 16.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,369 shares of the software maker’s stock worth $21,328,000 after purchasing an additional 16,713 shares during the last quarter. Cim LLC bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $556,000. Okabena Investment Services Inc. bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $1,407,000. Fiduciary Management Inc. WI raised its position in shares of Insight Enterprises by 2.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 791,752 shares of the software maker’s stock valued at $140,291,000 after acquiring an additional 21,501 shares during the last quarter. Finally, Prudential PLC bought a new stake in shares of Insight Enterprises during the 4th quarter valued at $1,394,000.

Insider Buying and Selling

In related news, Director Holdings L.P. Valueact sold 450,000 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the transaction, the director now directly owns 4,061,739 shares of the company’s stock, valued at approximately $781,844,140.11. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the transaction, the insider now directly owns 3,447 shares in the company, valued at approximately $675,026.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction dated 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 transaction, 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. In the last ninety days, insiders sold 462,750 shares of company stock valued at $89,169,833. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $201.77 on Monday. Insight Enterprises, Inc. has a 12-month low of $131.59 and a 12-month high of $212.44. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 1.57 and a beta of 1.50. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The firm has a fifty day moving average of $196.31 and a 200-day moving average of $187.92.

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSIT. Barrington Research upped their target price 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. Stifel Nicolaus boosted their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a report on Monday, April 15th. JPMorgan Chase & Co. boosted their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Monday, June 17th.

Insight Enterprises Profile

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.