PNC Financial Services Group Inc. Reduces Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

PNC Financial Services Group Inc. decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 53.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,168 shares of the software maker’s stock after selling 2,471 shares during the period. PNC Financial Services Group Inc.’s holdings in Insight Enterprises were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Insight Enterprises during the fourth quarter worth $117,000. Raymond James Financial Inc. acquired a new stake in shares of Insight Enterprises during the fourth quarter worth $532,000. Assetmark Inc. boosted its holdings in shares of Insight Enterprises by 27.7% during the fourth quarter. Assetmark Inc. now owns 18,144 shares of the software maker’s stock worth $2,760,000 after purchasing an additional 3,940 shares during the last quarter. J.Safra Asset Management Corp boosted its holdings in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after purchasing an additional 71 shares during the last quarter. Finally, Cornerstone Investment Partners LLC boosted its holdings in shares of Insight Enterprises by 5.8% during the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock worth $209,000 after purchasing an additional 75 shares during the last quarter.

Insight Enterprises Price Performance

NSIT stock opened at $154.18 on Friday. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The stock’s fifty day simple moving average is $162.77 and its 200-day simple moving average is $175.47. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (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 in the prior year, the firm earned $2.98 earnings per share. Equities research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS 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.