Sei Investments Co. Raises Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Sei Investments Co. grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 24.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,059 shares of the software maker's stock after purchasing an additional 4,721 shares during the period. Sei Investments Co. owned about 0.08% of Insight Enterprises worth $3,659,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. 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 purchasing an additional 225,283 shares in the last quarter. Geode Capital Management LLC grew its position in shares of 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. Bank of New York Mellon Corp increased its stake in shares of 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 during the period. Hennessy Advisors Inc. acquired a new stake in Insight Enterprises in the fourth quarter valued at approximately $39,242,000. Finally, Country Trust Bank lifted its stake in Insight Enterprises by 11.4% in the fourth quarter. Country Trust Bank now owns 173,566 shares of the software maker's stock worth $26,399,000 after acquiring an additional 17,713 shares during the last quarter.

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Insight Enterprises Stock Down 2.6 %

NSIT stock traded down $3.40 during trading on Tuesday, hitting $128.11. 392,684 shares of the company's stock were exchanged, compared to its average volume of 304,953. The business has a 50-day moving average price of $156.51 and a two-hundred day moving average price of $169.71. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 52-week low of $126.32 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the firm posted $2.98 earnings per share. As a group, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

Separately, Barrington Research dropped their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price 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.