Marshall Wace LLP Makes New Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Marshall Wace LLP purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 100,064 shares of the software maker's stock, valued at approximately $15,220,000. Marshall Wace LLP owned approximately 0.32% of Insight Enterprises as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. XTX Topco Ltd bought a new position in Insight Enterprises during the fourth quarter valued at about $382,000. Mariner LLC boosted its stake in shares of Insight Enterprises by 12.9% during the 4th quarter. Mariner LLC now owns 3,970 shares of the software maker's stock worth $604,000 after acquiring an additional 454 shares in the last quarter. Barclays PLC increased its holdings in shares of Insight Enterprises by 8.5% during the 4th quarter. Barclays PLC now owns 61,183 shares of the software maker's stock valued at $9,307,000 after acquiring an additional 4,781 shares during the last quarter. Finally, Paralel Advisors LLC raised its stake in shares of Insight Enterprises by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 13,536 shares of the software maker's stock valued at $2,059,000 after acquiring an additional 1,232 shares in the last quarter.

Insight Enterprises Stock Performance

NSIT stock traded up $1.03 during midday trading on Friday, hitting $138.61. The stock had a trading volume of 155,097 shares, compared to its average volume of 311,213. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.40 and a beta of 1.31. 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 $146.93 and a 200 day simple moving average of $162.67. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced 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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the business earned $2.98 earnings per share. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NSIT. JPMorgan Chase & Co. reduced their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barrington Research decreased their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $185.00.

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.