Fifth Third Bancorp Has $257,000 Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Fifth Third Bancorp grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1,230.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,450 shares of the software maker’s stock after acquiring an additional 1,341 shares during the quarter. Fifth Third Bancorp’s holdings in Insight Enterprises were worth $257,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Insight Enterprises by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after acquiring an additional 245,814 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Insight Enterprises by 3,760.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 945,618 shares of the software maker’s stock worth $2,757,000 after acquiring an additional 921,122 shares during the period. Morgan Stanley lifted its position in shares of Insight Enterprises by 141.7% in the 4th quarter. Morgan Stanley now owns 811,951 shares of the software maker’s stock worth $81,414,000 after acquiring an additional 476,084 shares during the period. Capital Research Global Investors lifted its position in shares of Insight Enterprises by 173.7% in the 1st quarter. Capital Research Global Investors now owns 752,800 shares of the software maker’s stock worth $80,790,000 after acquiring an additional 477,800 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Insight Enterprises by 53.1% in the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after acquiring an additional 247,049 shares during the period.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $186.37 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $6.06 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 1.35 and a beta of 1.51. Insight Enterprises, Inc. has a one year low of $117.99 and a one year high of $194.57. The business has a 50 day simple moving average of $185.75 and a 200 day simple moving average of $169.84.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.06). The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. Insight Enterprises’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.53 EPS. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 10.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Insight Enterprises news, Director Richard E. Allen sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the transaction, the director now owns 30,647 shares of the company’s stock, valued at $5,680,114.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,918 shares of company stock valued at $3,888,203. 1.02% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barrington Research reiterated an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, March 5th. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

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.