Victory Capital Management Inc. Sells 27,338 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

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

A number of other hedge funds also recently bought and sold shares of NSIT. Golden State Wealth Management LLC bought a new stake in Insight Enterprises in the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new position in Insight Enterprises in the 4th quarter worth approximately $33,000. Smartleaf Asset Management LLC increased its stake in Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after purchasing an additional 374 shares during the period. Blue Trust Inc. increased its stake in Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after purchasing an additional 139 shares during the period. Finally, KBC Group NV increased its stake in Insight Enterprises by 71.6% in the 4th quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock worth $179,000 after purchasing an additional 491 shares during the period.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock opened at $151.43 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The business’s 50 day simple moving average is $162.88 and its two-hundred day simple moving average is $177.31. The stock has a market capitalization of $4.81 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping 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 period in the previous year, the company posted $2.98 EPS. Analysts forecast 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.