Barrow Hanley Mewhinney & Strauss Cut Its Stake in Insight Enterprises (NSIT) as Market Value Declined; Burney Co Stake in Mckesson (MCK) Raised by $733,941 as Market Value Rose

February 22, 2018 - By Michael Collier

Burney Co increased its stake in Mckesson Corp (MCK) by 7.27% based on its latest 2017Q3 regulatory filing with the SEC. Burney Co bought 4,797 shares as the company’s stock rose 1.84% with the market. The institutional investor held 70,808 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $10.89M, up from 66,011 at the end of the previous reported quarter. Burney Co who had been investing in Mckesson Corp for a number of months, seems to be bullish on the $31.01 billion market cap company. The stock increased 0.47% or $0.71 during the last trading session, reaching $150.3. About 708,210 shares traded. McKesson Corporation (NYSE:MCK) has declined 15.45% since February 22, 2017 and is downtrending. It has underperformed by 32.15% the S&P500.

Barrow Hanley Mewhinney & Strauss Llc decreased its stake in Insight Enterprises Inc (NSIT) by 3.46% based on its latest 2017Q3 regulatory filing with the SEC. Barrow Hanley Mewhinney & Strauss Llc sold 6,874 shares as the company’s stock declined 5.42% while stock markets rallied. The institutional investor held 191,583 shares of the consumer services company at the end of 2017Q3, valued at $8.80 million, down from 198,457 at the end of the previous reported quarter. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Insight Enterprises Inc for a number of months, seems to be less bullish one the $1.27B market cap company. The stock decreased 0.70% or $0.25 during the last trading session, reaching $35.42. About 79,908 shares traded. Insight Enterprises, Inc. (NASDAQ:NSIT) has risen 67.61% since February 22, 2017 and is uptrending. It has outperformed by 50.91% the S&P500.

Among 22 analysts covering McKesson Corporation (NYSE:MCK), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. McKesson Corporation had 79 analyst reports since July 31, 2015 according to SRatingsIntel. Zacks upgraded the shares of MCK in report on Wednesday, August 26 to “Hold” rating. Needham initiated the stock with “Hold” rating in Tuesday, April 4 report. As per Wednesday, June 21, the company rating was maintained by Jefferies. JP Morgan maintained the shares of MCK in report on Tuesday, August 9 with “Overweight” rating. Jefferies upgraded McKesson Corporation (NYSE:MCK) on Friday, July 28 to “Buy” rating. On Wednesday, January 18 the stock rating was upgraded by Avondale to “Mkt Outperform”. The stock of McKesson Corporation (NYSE:MCK) earned “Outperform” rating by Robert W. Baird on Tuesday, September 19. On Friday, October 28 the stock rating was upgraded by Standpoint Research to “Buy”. FBR Capital maintained the stock with “Outperform” rating in Thursday, July 30 report. The stock of McKesson Corporation (NYSE:MCK) has “Outperform” rating given on Tuesday, October 10 by Cowen & Co.

Since September 7, 2017, it had 0 buys, and 5 selling transactions for $121.68 million activity. $140,089 worth of stock was sold by Lampert Erin M on Thursday, September 7.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.07, from 0.95 in 2017Q2. It worsened, as 65 investors sold MCK shares while 296 reduced holdings. 72 funds opened positions while 246 raised stakes. 180.04 million shares or 2.23% more from 176.11 million shares in 2017Q2 were reported. First Quadrant LP Ca holds 38,687 shares. 44,257 were reported by M&T Bankshares Corp. 7,625 are owned by Hanson And Doremus Inv Mgmt. Leisure holds 1,338 shares. Bright Rock Mngmt Ltd Liability stated it has 1.2% of its portfolio in McKesson Corporation (NYSE:MCK). American Insurance Tx holds 0.12% in McKesson Corporation (NYSE:MCK) or 14,370 shares. Banque Pictet Cie Sa owns 45,632 shares. Kbc Nv invested in 0.28% or 200,060 shares. Sector Pension Inv Board has 66,281 shares. Retail Bank Of The West invested in 5,825 shares. First Personal Financial owns 6,046 shares. Bryn Mawr Tru has invested 0.01% of its portfolio in McKesson Corporation (NYSE:MCK). Jane Street Group Llc reported 7,724 shares. 82,357 were accumulated by Balyasny Asset Management Ltd Com. Rand Wealth Ltd Liability Corp holds 0.22% or 12,477 shares.

Burney Co, which manages about $1.33B and $1.54 billion US Long portfolio, decreased its stake in Csg Systems International Inc (NASDAQ:CSGS) by 37,697 shares to 158,556 shares, valued at $6.33M in 2017Q3, according to the filing. It also reduced its holding in Harris Corporation (NYSE:HRS) by 5,689 shares in the quarter, leaving it with 229,881 shares, and cut its stake in Whirlpool Corp (NYSE:WHR).

Among 5 analysts covering Insight Enterprises (NASDAQ:NSIT), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. Insight Enterprises had 10 analyst reports since August 28, 2015 according to SRatingsIntel. The stock of Insight Enterprises, Inc. (NASDAQ:NSIT) earned “Sell” rating by Zacks on Friday, August 28. As per Thursday, August 4, the company rating was downgraded by Raymond James. The company was downgraded on Thursday, January 12 by Raymond James. On Sunday, September 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. As per Wednesday, November 8, the company rating was maintained by B. Riley & Co. The company was maintained on Sunday, August 6 by Stifel Nicolaus. The firm earned “Buy” rating on Thursday, August 3 by B. Riley & Co. The stock of Insight Enterprises, Inc. (NASDAQ:NSIT) has “Hold” rating given on Sunday, October 15 by Stifel Nicolaus.

Investors sentiment decreased to 1.02 in Q3 2017. Its down 0.35, from 1.37 in 2017Q2. It is negative, as 16 investors sold NSIT shares while 74 reduced holdings. 31 funds opened positions while 61 raised stakes. 32.83 million shares or 4.04% less from 34.22 million shares in 2017Q2 were reported. California State Teachers Retirement Systems holds 0.01% in Insight Enterprises, Inc. (NASDAQ:NSIT) or 57,052 shares. Pillar Pacific Ltd Liability holds 0.06% or 10,600 shares. Los Angeles & Equity Inc owns 23,875 shares for 0.01% of their portfolio. Jpmorgan Chase And reported 0.01% stake. Barrow Hanley Mewhinney & Strauss Llc holds 191,583 shares or 0.01% of its portfolio. Blackrock holds 5.16M shares. 44,040 are held by Pinebridge Investments Limited Partnership. Capstone Invest Limited Liability Company reported 6,068 shares. Wedge Capital Mngmt L Ltd Partnership Nc holds 0.12% or 281,697 shares in its portfolio. Voya Inv Mgmt Llc has 37,575 shares for 0% of their portfolio. Public Employees Retirement Association Of Colorado has 0% invested in Insight Enterprises, Inc. (NASDAQ:NSIT). Profund Advsrs Ltd Liability Co has invested 0.01% in Insight Enterprises, Inc. (NASDAQ:NSIT). State Common Retirement Fund reported 84,813 shares. Teachers Retirement Systems Of The State Of Kentucky reported 12,500 shares stake. Qs Ltd owns 0.04% invested in Insight Enterprises, Inc. (NASDAQ:NSIT) for 96,988 shares.

Analysts await Insight Enterprises, Inc. (NASDAQ:NSIT) to report earnings on May, 2. They expect $0.60 earnings per share, up 7.14% or $0.04 from last year’s $0.56 per share. NSIT’s profit will be $21.48M for 14.76 P/E if the $0.60 EPS becomes a reality. After $0.81 actual earnings per share reported by Insight Enterprises, Inc. for the previous quarter, Wall Street now forecasts -25.93% negative EPS growth.

Barrow Hanley Mewhinney & Strauss Llc, which manages about $91.02B and $66.39B US Long portfolio, upped its stake in Nielsen Holdings Plc by 200,403 shares to 5.91 million shares, valued at $244.99 million in 2017Q3, according to the filing. It also increased its holding in Newell Brands Inc (NYSE:NWL) by 7,500 shares in the quarter, for a total of 1.25M shares, and has risen its stake in Renewable Energy Group Inc (NASDAQ:REGI).

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