Maryland State Retirement & Pension System Cuts Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Maryland State Retirement & Pension System decreased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,199 shares of the software maker’s stock after selling 264 shares during the period. Maryland State Retirement & Pension System’s holdings in Insight Enterprises were worth $1,399,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NSIT. Hennessy Advisors Inc. purchased a new position in shares of Insight Enterprises during the fourth quarter valued at about $39,242,000. Pacer Advisors Inc. grew its position in shares of Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock valued at $163,243,000 after purchasing an additional 225,283 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Insight Enterprises by 30.1% during the third 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 in the last quarter. WCM Investment Management LLC purchased a new position in shares of Insight Enterprises during the fourth quarter valued at about $10,643,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Insight Enterprises by 207.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker’s stock valued at $15,522,000 after purchasing an additional 70,134 shares in the last quarter.

Insight Enterprises Trading Down 0.3 %

NSIT opened at $154.18 on Friday. The firm has a market cap of $4.90 billion, a P/E ratio of 23.65, a P/E/G ratio of 1.40 and a beta of 1.40. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. 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 stock has a 50-day moving average of $162.77 and a 200 day moving average of $175.28.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $2.98 earnings per share. As a group, research 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.