Principal Financial Group Inc. Boosts Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Principal Financial Group Inc. increased its stake in Insight Enterprises, Inc. (NASDAQ:NSITGet Rating) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 295,900 shares of the software maker’s stock after buying an additional 3,019 shares during the period. Principal Financial Group Inc. owned 0.85% of Insight Enterprises worth $31,543,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cassady Schiller Wealth Management LLC purchased a new position in Insight Enterprises during the 4th quarter valued at about $53,000. Crossmark Global Holdings Inc. increased its position in Insight Enterprises by 31.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,220 shares of the software maker’s stock valued at $556,000 after purchasing an additional 1,240 shares during the period. UBS Asset Management Americas Inc. increased its position in Insight Enterprises by 6.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 51,122 shares of the software maker’s stock valued at $4,605,000 after purchasing an additional 2,921 shares during the period. GHP Investment Advisors Inc. increased its position in Insight Enterprises by 99.6% during the 3rd quarter. GHP Investment Advisors Inc. now owns 14,061 shares of the software maker’s stock valued at $1,267,000 after purchasing an additional 7,015 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Insight Enterprises during the 4th quarter valued at about $12,362,000.

NASDAQ:NSIT opened at $99.41 on Friday. Insight Enterprises, Inc. has a fifty-two week low of $88.28 and a fifty-two week high of $111.02. The stock has a market capitalization of $3.49 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.02 and a beta of 1.64. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.41. The company’s 50-day simple moving average is $103.09 and its 200-day simple moving average is $101.56.

Insight Enterprises (NASDAQ:NSITGet Rating) last released its quarterly earnings results on Thursday, May 5th. The software maker reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. Insight Enterprises had a net margin of 2.35% and a return on equity of 18.24%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the business earned $1.30 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. On average, research analysts forecast that Insight Enterprises, Inc. will post 8.07 EPS for the current year.

In related news, CFO Glynis Bryan sold 5,000 shares of Insight Enterprises stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $103.75, for a total value of $518,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Holdings L.P. Valueact bought 40,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average price of $96.31 per share, with a total value of $3,852,400.00. Following the completion of the purchase, the director now directly owns 3,663,143 shares in the company, valued at $352,797,302.33. The disclosure for this purchase can be found here. Insiders purchased a total of 260,052 shares of company stock valued at $25,913,739 over the last quarter. 1.61% of the stock is owned by company insiders.

A number of research analysts have commented on the stock. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a report on Tuesday.

Insight Enterprises Profile (Get Rating)

IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services.

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

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