Insight Enterprises (NASDAQ:NSIT) Reaches New 1-Year Low – Here’s Why

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week low during mid-day trading 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 Stock Performance

The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. 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. The stock’s 50-day simple moving average is $161.65 and its 200 day simple moving average is $173.15.

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

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors have recently modified their holdings of NSIT. Pacer Advisors Inc. increased its holdings 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 purchasing an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Insight Enterprises by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock valued at $124,934,000 after acquiring an additional 2,944 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after purchasing an additional 10,711 shares during the last quarter. Northern Trust Corp grew its stake in shares of Insight Enterprises by 16.5% during the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker’s stock worth $67,917,000 after purchasing an additional 63,200 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new stake in Insight Enterprises in the fourth quarter valued at about $57,380,000.

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.