Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month Low – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $146.32 and last traded at $145.35, with a volume of 229516 shares trading hands. The stock had previously closed at $149.99.

Insight Enterprises Price Performance

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 stock has a 50-day simple moving average of $161.65 and a 200 day simple moving average of $173.15. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 22.51, a price-to-earnings-growth 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 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 quarter in the previous year, the company earned $2.98 earnings per share. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds have recently bought and sold shares of NSIT. Wellington Management Group LLP boosted its stake in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock valued at $41,188,000 after purchasing an additional 107,397 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Insight Enterprises by 23.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,760 shares of the software maker’s stock worth $8,329,000 after purchasing an additional 10,384 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Insight Enterprises by 17.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,537 shares of the software maker’s stock worth $10,729,000 after purchasing an additional 10,446 shares during the period. Voloridge Investment Management LLC acquired a new stake in Insight Enterprises during the fourth quarter worth $9,545,000. Finally, Two Sigma Advisers LP raised its stake in shares of Insight Enterprises by 28.6% in the 4th quarter. Two Sigma Advisers LP now owns 1,800 shares of the software maker’s stock valued at $274,000 after buying an additional 400 shares in the last quarter.

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.