Quantbot Technologies LP Invests $2.07 Million in Insight Enterprises, Inc. (NASDAQ:NSIT)

Quantbot Technologies LP acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 13,610 shares of the software maker’s stock, valued at approximately $2,070,000.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC grew 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 worth $142,073,000 after buying an additional 10,711 shares during the period. Alberta Investment Management Corp acquired a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $2,494,000. Principal Financial Group Inc. grew its position in shares of Insight Enterprises by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock worth $21,833,000 after buying an additional 1,653 shares during the period. New York Life Investment Management LLC acquired a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $449,000. Finally, Barclays PLC grew its position in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after buying an additional 36,132 shares during the period.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $154.18 on Monday. The company has a fifty day simple moving average of $162.77 and a 200 day simple moving average of $175.08. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.90 billion, a P/E ratio of 23.65, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $2.98 earnings per share. Sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share 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.