First Midwest Bank Trust Division raised its stake in shares of Insight Enterprises Inc. (NASDAQ:NSIT) by 47.2% during the second quarter, Holdings Channel reports. The firm owned 12,452 shares of the company’s stock after buying an additional 3,995 shares during the period. First Midwest Bank Trust Division’s holdings in Insight Enterprises were worth $324,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of NSIT. Acrospire Investment Management LLC purchased a new stake in shares of Insight Enterprises during the first quarter valued at $132,000. HBK Investments L P purchased a new stake in shares of Insight Enterprises during the first quarter valued at $258,000. Dowling & Yahnke LLC purchased a new stake in shares of Insight Enterprises during the second quarter valued at $265,000. BNP Paribas Arbitrage SA increased its stake in shares of Insight Enterprises by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,478 shares of the company’s stock valued at $324,000 after buying an additional 5,897 shares in the last quarter. Finally, Alpha Windward LLC increased its stake in shares of Insight Enterprises by 2.7% in the second quarter. Alpha Windward LLC now owns 15,840 shares of the company’s stock valued at $412,000 after buying an additional 420 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.
Shares of Insight Enterprises Inc. (NASDAQ:NSIT) traded down 0.98% during mid-day trading on Friday, reaching $32.33. 107,211 shares of the company traded hands. The stock has a market capitalization of $1.15 billion, a PE ratio of 14.82 and a beta of 1.77. Insight Enterprises Inc. has a 52-week low of $18.26 and a 52-week high of $32.77. The stock’s 50 day moving average is $31.20 and its 200 day moving average is $28.21.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Wednesday, August 3rd. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.22. The firm earned $1.46 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.71%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. On average, analysts anticipate that Insight Enterprises Inc. will post $2.43 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday.
In related news, insider Wolfgang Ebermann sold 15,000 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $31.64, for a total transaction of $474,600.00. Following the completion of the transaction, the insider now directly owns 14,711 shares in the company, valued at approximately $465,456.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael M. Fisher sold 2,100 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $30.93, for a total transaction of $64,953.00. The disclosure for this sale can be found here. Corporate insiders own 1.23% of the company’s stock.
About Insight Enterprises
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.