Victory Capital Management Inc. Lowers Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Victory Capital Management Inc. lowered its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 43.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,900 shares of the software maker's stock after selling 15,586 shares during the period. Victory Capital Management Inc. owned about 0.06% of Insight Enterprises worth $2,985,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after buying an additional 63 shares during the period. Bessemer Group Inc. grew its position in Insight Enterprises by 79.2% during the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after buying an additional 84 shares during the period. Xponance Inc. grew its position in Insight Enterprises by 4.3% during the first quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock valued at $342,000 after buying an additional 94 shares during the period. Parallel Advisors LLC grew its position in Insight Enterprises by 40.4% during the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after buying an additional 95 shares during the period. Finally, Quantinno Capital Management LP grew its position in Insight Enterprises by 4.0% during the fourth quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock valued at $547,000 after buying an additional 138 shares during the period.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $145.82 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $4.66 billion, a PE ratio of 29.16, a P/E/G ratio of 1.34 and a beta of 1.20. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company has a 50-day moving average price of $136.89 and a two-hundred day moving average price of $146.47.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The company's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business earned $2.37 earnings per share. Equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several research reports. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Barrington Research restated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, July 21st.

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.

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