Thrivent Financial for Lutherans Sells 171,438 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Thrivent Financial for Lutherans trimmed its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 89.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,113 shares of the software maker's stock after selling 171,438 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of Insight Enterprises worth $3,211,000 at the end of the most recent quarter.

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

Insight Enterprises Stock Performance

Insight Enterprises stock traded down $1.33 during trading on Friday, hitting $152.62. The stock had a trading volume of 316,492 shares, compared to its average volume of 294,463. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average is $161.97 and its two-hundred day moving average is $173.52. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 23.41, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share 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 in the prior year, the business posted $2.98 earnings per share. As a group, analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

About Insight Enterprises

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.