O Shaughnessy Asset Management LLC Has $1.93 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

O Shaughnessy Asset Management LLC reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 25.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,703 shares of the software maker’s stock after selling 4,375 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Insight Enterprises were worth $1,932,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Insight Enterprises during the fourth quarter worth approximately $47,585,000. Hennessy Advisors Inc. acquired a new position in Insight Enterprises during the fourth quarter worth $39,242,000. Pacer Advisors Inc. lifted its stake in shares of 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 buying an additional 225,283 shares in the last quarter. WCM Investment Management LLC acquired a new position in shares of Insight Enterprises during the fourth quarter valued at about $10,643,000. Finally, Allspring Global Investments Holdings LLC increased 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 worth $15,522,000 after acquiring an additional 70,134 shares in the last quarter.

Analysts Set New Price Targets

Separately, Barrington Research cut their price target on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Hold” and an average target price of $202.25.

Insight Enterprises Stock Down 3.6 %

NSIT opened at $132.04 on Friday. Insight Enterprises, Inc. has a fifty-two week low of $128.01 and a fifty-two week 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 company’s 50-day moving average is $159.06 and its 200 day moving average is $171.73. The firm has a market capitalization of $4.20 billion, a P/E ratio of 20.25, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping 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 period in the prior year, the firm posted $2.98 EPS. Research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal 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.