O Shaughnessy Asset Management LLC Cuts Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

O Shaughnessy Asset Management LLC decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,703 shares of the software maker's stock after selling 4,375 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Insight Enterprises were worth $1,932,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its position in Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after buying an additional 225,283 shares in the last quarter. Geode Capital Management LLC lifted its position in Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after buying an additional 10,711 shares in the last quarter. Norges Bank purchased a new position in Insight Enterprises during the fourth quarter worth approximately $47,585,000. Bank of New York Mellon Corp lifted its position in Insight Enterprises by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker's stock worth $39,674,000 after buying an additional 21,876 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Insight Enterprises during the fourth quarter worth approximately $39,242,000.

Insight Enterprises Trading Down 3.8 %

NASDAQ:NSIT traded down $5.32 on Thursday, reaching $133.56. The company's stock had a trading volume of 52,735 shares, compared to its average volume of 305,560. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. 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 firm has a market cap of $4.24 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The stock has a 50 day moving average price of $155.14 and a 200 day moving average price of $168.99.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $2.98 EPS. On average, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Barrington Research reduced their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $202.25.

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.