F M Investments LLC Decreases Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

F M Investments LLC trimmed its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 67.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,243 shares of the software maker's stock after selling 58,036 shares during the period. F M Investments LLC owned approximately 0.09% of Insight Enterprises worth $4,296,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSIT. Geode Capital Management LLC lifted its holdings in Insight Enterprises by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after purchasing an additional 10,711 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Insight Enterprises during the fourth quarter valued at about $2,494,000. Raymond James Financial Inc. purchased a new stake in shares of Insight Enterprises in the fourth quarter worth about $532,000. Principal Financial Group Inc. boosted its position in shares of Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock valued at $21,833,000 after acquiring an additional 1,653 shares during the period. Finally, Rhumbline Advisers grew its stake in Insight Enterprises by 2.4% during the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock valued at $12,502,000 after acquiring an additional 1,925 shares in the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT traded down $2.67 during mid-day trading on Tuesday, reaching $133.29. 366,041 shares of the company were exchanged, compared to its average volume of 307,916. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07. The company's 50 day moving average price is $152.88 and its 200 day moving average price is $167.09. The stock has a market capitalization of $4.24 billion, a PE ratio of 20.44, a PEG ratio of 1.40 and a beta of 1.31. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

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

Analyst Ratings Changes

Separately, Barrington Research reduced their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.