Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 34.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,385 shares of the software maker's stock after selling 9,757 shares during the period. Royce & Associates LP owned 0.06% of Insight Enterprises worth $2,796,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NSIT. Hennessy Advisors Inc. bought a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $39,242,000. Pacer Advisors Inc. grew its stake in Insight Enterprises by 26.6% during the 4th 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 during the last quarter. Charles Schwab Investment Management Inc. increased its position in Insight Enterprises by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock worth $79,468,000 after buying an additional 85,428 shares during the period. WCM Investment Management LLC bought a new stake in Insight Enterprises in the fourth quarter valued at $10,643,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Insight Enterprises by 207.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker's stock valued at $15,522,000 after acquiring an additional 70,134 shares during the period.

Insight Enterprises Stock Performance

Shares of NSIT stock traded down $4.46 during trading hours on Tuesday, reaching $155.96. The stock had a trading volume of 247,431 shares, compared to its average volume of 285,212. The firm has a market capitalization of $4.96 billion, a PE ratio of 23.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The firm has a 50-day simple moving average of $162.78 and a 200-day simple moving average of $174.78. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating 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 last year, the company earned $2.98 EPS. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share 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.