Xponance Inc. Raises Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

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

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NSIT. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises in the fourth quarter worth about $32,000. R Squared Ltd purchased a new position in Insight Enterprises in the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp raised its holdings in 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 during the period. Smartleaf Asset Management LLC lifted its position in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after acquiring an additional 374 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after acquiring an additional 139 shares during the period.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $153.95 on Friday. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The business’s fifty day moving average is $162.24 and its 200 day moving average is $174.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap 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 results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping 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 prior year, the business earned $2.98 EPS. Research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

About Insight Enterprises

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.