Victory Capital Management Inc. Lowers Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Victory Capital Management Inc. decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 43.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,486 shares of the software maker's stock after selling 27,338 shares during the period. Victory Capital Management Inc. owned about 0.11% of Insight Enterprises worth $5,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its holdings in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after purchasing an additional 10,711 shares in the last quarter. EULAV Asset Management grew its holdings in shares of Insight Enterprises by 7.2% in the third quarter. EULAV Asset Management now owns 49,879 shares of the software maker's stock worth $10,743,000 after acquiring an additional 3,359 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Insight Enterprises in the fourth quarter worth $2,494,000. Principal Financial Group Inc. grew its holdings in shares of Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after acquiring an additional 1,653 shares during the period. Finally, New York Life Investment Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth $449,000.

Insight Enterprises Stock Performance

Shares of NSIT traded up $1.35 during trading hours on Wednesday, hitting $156.76. The stock had a trading volume of 153,706 shares, compared to its average volume of 278,971. 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, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The firm has a market capitalization of $4.98 billion, a PE ratio of 24.03, a PEG ratio of 1.40 and a beta of 1.40. The stock has a fifty day moving average price of $162.92 and a 200 day moving average price of $176.19.

Remove Ads

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating 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 firm earned $2.98 EPS. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises Company 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.