Xponance Inc. Acquires 181 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Xponance Inc. increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,184 shares of the software maker’s stock after purchasing an additional 181 shares during the period. Xponance Inc.’s holdings in Insight Enterprises were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NSIT. Geode Capital Management LLC raised its position in shares of Insight Enterprises by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after buying an additional 10,711 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Insight Enterprises during the fourth quarter valued at about $2,494,000. Principal Financial Group Inc. boosted its holdings in shares of Insight Enterprises by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock worth $21,833,000 after purchasing an additional 1,653 shares in the last quarter. Rhumbline Advisers increased its position in shares of Insight Enterprises by 2.4% during the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock valued at $12,502,000 after purchasing an additional 1,925 shares during the last quarter. Finally, New York Life Investment Management LLC purchased a new position in shares of Insight Enterprises during the 4th quarter valued at about $449,000.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $153.95 on Friday. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The business has a 50 day moving average of $162.24 and a 200 day moving average of $174.20. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data 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 period in the previous year, the business posted $2.98 earnings per share. On average, sell-side analysts predict 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.