American Century Companies Inc. Sells 168,085 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

American Century Companies Inc. lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 70.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,055 shares of the software maker’s stock after selling 168,085 shares during the quarter. American Century Companies Inc. owned approximately 0.22% of Insight Enterprises worth $10,655,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hennessy Advisors Inc. purchased a new stake in Insight Enterprises in the fourth quarter worth $39,242,000. Pacer Advisors Inc. grew its stake in shares of Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock worth $163,243,000 after acquiring an additional 225,283 shares during the period. WCM Investment Management LLC purchased a new stake in Insight Enterprises in the 4th quarter worth about $10,643,000. Allspring Global Investments Holdings LLC raised its stake in 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 valued at $15,522,000 after acquiring an additional 70,134 shares during the period. Finally, Barclays PLC lifted its holdings in Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after purchasing an additional 36,132 shares during the last quarter.

Insight Enterprises Price Performance

NSIT opened at $147.65 on Thursday. The firm has a 50-day moving average price of $160.64 and a 200-day moving average price of $172.54. Insight Enterprises, Inc. has a twelve month low of $145.02 and a twelve month high of $228.07. 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 company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last issued its 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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the business posted $2.98 EPS. Equities analysts expect 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.