New Age Alpha Advisors LLC Invests $432,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

New Age Alpha Advisors LLC purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,840 shares of the software maker’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised 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 acquiring an additional 225,283 shares during the last quarter. Geode Capital Management LLC raised its position in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after purchasing an additional 10,711 shares during the last quarter. Norges Bank bought a new position in Insight Enterprises in the 4th quarter valued at $47,585,000. Bank of New York Mellon Corp grew its holdings in shares of Insight Enterprises by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker’s stock worth $39,674,000 after purchasing an additional 21,876 shares during the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at $39,242,000.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $147.00 on Wednesday. The stock has a 50-day simple moving average of $161.14 and a 200 day simple moving average of $172.71. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 12-month low of $145.16 and a 12-month high of $228.07.

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 net margin of 2.87% and a return on equity of 18.95%. During the same period in the prior year, the firm earned $2.98 earnings per share. On average, research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Insight Enterprises 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.