Penobscot Investment Management Company Inc. Sells 1,165 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Penobscot Investment Management Company Inc. reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 23.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,840 shares of the software maker’s stock after selling 1,165 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Insight Enterprises were worth $584,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Pacer Advisors Inc. grew its position in Insight Enterprises by 26.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock valued at $163,243,000 after acquiring an additional 225,283 shares during the period. Geode Capital Management LLC grew its holdings in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after purchasing an additional 10,711 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Insight Enterprises by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after purchasing an additional 85,428 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Insight Enterprises by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker’s stock valued at $39,674,000 after purchasing an additional 21,876 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in Insight Enterprises in the fourth quarter valued at about $39,242,000.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $155.90 on Thursday. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a 50 day moving average of $162.47 and a 200-day moving average of $174.34. 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 cap of $4.95 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share 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 previous year, the business posted $2.98 earnings per share. On average, equities analysts forecast 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.