American Century Companies Inc. Lowers Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

American Century Companies Inc. reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 70.6% in the fourth quarter, Holdings Channel reports. The firm owned 70,055 shares of the software maker’s stock after selling 168,085 shares during the period. American Century Companies Inc.’s holdings in Insight Enterprises were worth $10,655,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Insight Enterprises during the fourth quarter worth about $32,000. R Squared Ltd bought a new stake in shares of Insight Enterprises during the 4th quarter valued at about $33,000. J.Safra Asset Management Corp grew its holdings in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after purchasing an additional 71 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after purchasing an additional 374 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after purchasing an additional 139 shares in the last quarter.

Insight Enterprises Price Performance

NSIT stock opened at $147.65 on Thursday. The firm has a 50 day simple moving average of $160.64 and a two-hundred day simple moving average of $172.54. The stock has a market cap of $4.69 billion, a PE ratio of 22.65, a P/E/G ratio of 1.40 and a beta of 1.40. Insight Enterprises, Inc. has a one year low of $145.02 and a one 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.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the firm earned $2.98 earnings per share. On average, analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal 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.