Victory Capital Management Inc. Trims Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Victory Capital Management Inc. trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 43.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,486 shares of the software maker’s stock after selling 27,338 shares during the period. Victory Capital Management Inc.’s holdings in Insight Enterprises were worth $5,397,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NSIT. Golden State Wealth Management LLC bought a new stake in Insight Enterprises in the fourth quarter worth $32,000. R Squared Ltd purchased a new stake in Insight Enterprises during the fourth quarter valued at $33,000. Smartleaf Asset Management LLC increased its position in Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after buying an additional 374 shares in the last quarter. Blue Trust Inc. increased its position in Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after buying an additional 139 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Insight Enterprises by 71.6% during the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock worth $179,000 after purchasing an additional 491 shares in the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $151.43 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The stock has a 50-day moving average price of $162.88 and a 200 day moving average price of $177.31. The stock has a market capitalization of $4.81 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly 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 quarter last year, the firm earned $2.98 earnings per share. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Insight Enterprises 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.