Royce & Associates LP Lowers Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Royce & Associates LP cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 34.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,385 shares of the software maker’s stock after selling 9,757 shares during the period. Royce & Associates LP owned 0.06% of Insight Enterprises worth $2,796,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Baron Wealth Management LLC grew its stake in shares of Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after buying an additional 58 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Insight Enterprises by 2.0% during the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after acquiring an additional 68 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of Insight Enterprises by 5.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock valued at $209,000 after acquiring an additional 75 shares in the last quarter. Finally, Romano Brothers AND Company lifted its holdings in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock valued at $586,000 after acquiring an additional 100 shares in the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $154.58 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. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.40 and a beta of 1.40. The firm’s fifty day simple moving average is $162.84 and its 200 day simple moving average is $175.91. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating 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 last year, the business posted $2.98 EPS. As a group, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share 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.