American Century Companies Inc. Sells 168,085 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

American Century Companies Inc. reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 70,055 shares of the software maker's stock after selling 168,085 shares during the period. American Century Companies Inc. owned approximately 0.22% of Insight Enterprises worth $10,655,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth about $32,000. R Squared Ltd bought a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp grew its holdings in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after purchasing an additional 139 shares during the last quarter.

Insight Enterprises Trading Down 0.4 %

NASDAQ NSIT traded down $0.53 on Monday, hitting $131.51. 453,758 shares of the stock were exchanged, compared to its average volume of 303,772. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a 52-week low of $125.51 and a 52-week high of $228.07. The firm has a market capitalization of $4.18 billion, a P/E ratio of 20.17, a P/E/G ratio of 1.40 and a beta of 1.31. The stock has a fifty day moving average price of $158.25 and a two-hundred day moving average price of $170.60.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the firm posted $2.98 earnings per share. Research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barrington Research reduced their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, Insight Enterprises has an average rating of "Hold" and a consensus price target of $202.25.

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.