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

Mercer Global Advisors Inc. ADV grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Golden State Wealth Management LLC acquired a new stake in Insight Enterprises during the 4th quarter worth about $32,000. R Squared Ltd purchased a new stake in shares of Insight Enterprises during the fourth quarter worth $33,000. J.Safra Asset Management Corp boosted its position in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. NewEdge Advisors LLC grew its stake in Insight Enterprises by 32.8% in the fourth 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. Finally, Smartleaf Asset Management LLC increased its position in Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the last quarter.

Insight Enterprises Stock Performance

Insight Enterprises stock traded down $3.11 on Friday, reaching $133.22. 404,640 shares of the stock were exchanged, compared to its average volume of 314,270. The stock has a market cap of $4.25 billion, a PE ratio of 20.43, a PEG ratio of 1.40 and a beta of 1.22. The firm has a fifty day moving average price of $142.60 and a two-hundred day moving average price of $156.43. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company earned $2.37 EPS. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on NSIT shares. JPMorgan Chase & Co. dropped their price objective on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barrington Research cut their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.