Signaturefd LLC Reduces Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Signaturefd LLC cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 36.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 260 shares of the software maker’s stock after selling 152 shares during the period. Signaturefd LLC’s holdings in Insight Enterprises were worth $40,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NSIT. Hennessy Advisors Inc. bought a new stake in shares of Insight Enterprises in the fourth quarter worth $39,242,000. Pacer Advisors Inc. boosted its position in Insight Enterprises by 26.6% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Insight Enterprises by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after purchasing an additional 85,428 shares during the period. WCM Investment Management LLC purchased a new stake in shares of Insight Enterprises during the 4th quarter valued at about $10,643,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Insight Enterprises by 207.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker’s stock worth $15,522,000 after purchasing an additional 70,134 shares during the period.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $155.96 on Wednesday. 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 $4.96 billion, a price-to-earnings ratio of 23.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. 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 firm has a 50 day moving average of $162.64 and a 200 day moving average of $174.47.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results 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 previous year, the firm posted $2.98 EPS. On average, research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current 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.