Insight Enterprises, Inc. (NASDAQ:NSIT) Holdings Raised by Mackenzie Financial Corp

Mackenzie Financial Corp boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 37.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,044 shares of the software maker’s stock after buying an additional 1,108 shares during the quarter. Mackenzie Financial Corp’s holdings in Insight Enterprises were worth $717,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in shares of Insight Enterprises during the 4th quarter worth $89,000. International Assets Investment Management LLC acquired a new position in shares of Insight Enterprises during the 4th quarter worth $94,000. Blue Trust Inc. increased its stake in shares of Insight Enterprises by 13.2% during the 4th quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock worth $97,000 after purchasing an additional 64 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Insight Enterprises by 12.8% during the 3rd quarter. Parkside Financial Bank & Trust now owns 887 shares of the software maker’s stock worth $129,000 after purchasing an additional 101 shares during the last quarter. Finally, Arlington Trust Co LLC acquired a new position in shares of Insight Enterprises during the 4th quarter worth $150,000.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $182.57 on Friday. 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 firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 24.18, a P/E/G ratio of 1.35 and a beta of 1.51. The company’s fifty day moving average is $184.55 and its two-hundred day moving average is $172.85. Insight Enterprises, Inc. has a 52-week low of $117.99 and a 52-week high of $194.57.

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

Analyst Ratings Changes

Several brokerages have recently commented on NSIT. Stifel Nicolaus increased their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Barrington Research reiterated an “outperform” rating and issued a $211.00 target price on shares of Insight Enterprises in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their target price on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th.

Insider Transactions at Insight Enterprises

In other news, insider Samuel C. Cowley sold 7,278 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Richard E. Allen sold 10,000 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the transaction, the director now directly owns 30,647 shares of the company’s stock, valued at approximately $5,680,114.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The disclosure for this sale can be found here. In the last three months, insiders sold 20,918 shares of company stock valued at $3,888,203. Company insiders own 1.23% of the company’s stock.

About Insight Enterprises

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.