Mercer Global Advisors Inc. ADV Purchases 4,931 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Mercer Global Advisors Inc. ADV increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 62.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,864 shares of the software maker's stock after purchasing an additional 4,931 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Insight Enterprises were worth $1,957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Alberta Investment Management Corp bought a new position in Insight Enterprises in the 4th quarter worth approximately $2,494,000. Raymond James Financial Inc. acquired a new stake in shares of Insight Enterprises in the fourth quarter worth $532,000. Principal Financial Group Inc. increased its position in Insight Enterprises by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after acquiring an additional 1,653 shares during the period. Rhumbline Advisers raised its stake in Insight Enterprises by 2.4% during the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock valued at $12,502,000 after purchasing an additional 1,925 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in Insight Enterprises in the 4th quarter valued at $449,000.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut 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 report on Thursday, April 17th. Barrington Research reduced their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock traded up $2.32 during trading on Tuesday, hitting $139.07. 84,863 shares of the company's stock traded hands, compared to its average volume of 315,715. The company has a market cap of $4.44 billion, a PE ratio of 21.33, a PEG ratio of 1.40 and a beta of 1.22. The firm's fifty day moving average price is $142.24 and its 200 day moving average price is $155.54. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $2.37 earnings per share. The company's quarterly revenue was down 11.6% on a year-over-year basis. Analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

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.