Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Fiduciary Management Inc. WI

Fiduciary Management Inc. WI lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 810,329 shares of the software maker's stock after selling 2,808 shares during the period. Fiduciary Management Inc. WI owned 2.55% of Insight Enterprises worth $123,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises during the 4th quarter worth $32,000. R Squared Ltd purchased a new position in Insight Enterprises during the fourth quarter worth about $33,000. J.Safra Asset Management Corp boosted its stake in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after buying an additional 71 shares during the period. NewEdge Advisors LLC increased its position in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after acquiring an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after acquiring an additional 374 shares during the period.

Insight Enterprises Stock Up 2.9 %

Shares of NSIT stock traded up $3.89 during trading on Thursday, reaching $136.93. The company's stock had a trading volume of 292,070 shares, compared to its average volume of 310,554. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The stock's 50-day moving average price is $148.08 and its 200 day moving average price is $163.81. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 1.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $2.98 earnings per share. On average, research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Barrington Research dropped their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $185.00.

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.