Mackenzie Financial Corp Buys 1,108 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Mackenzie Financial Corp grew its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 37.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,044 shares of the software maker’s stock after acquiring an additional 1,108 shares during the period. Mackenzie Financial Corp’s holdings in Insight Enterprises were worth $717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NSIT. Pacer Advisors Inc. raised its position in shares of Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after purchasing an additional 247,049 shares during the period. Vanguard Group Inc. increased its position in Insight Enterprises by 6.4% during the third 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. Assenagon Asset Management S.A. bought a new position in Insight Enterprises during the third quarter worth about $12,131,000. Kennedy Capital Management LLC increased its position in Insight Enterprises by 83.1% during the third quarter. Kennedy Capital Management LLC now owns 164,489 shares of the software maker’s stock worth $23,933,000 after acquiring an additional 74,655 shares during the period. Finally, Tudor Investment Corp Et Al increased its position in Insight Enterprises by 169.4% during the third quarter. Tudor Investment Corp Et Al now owns 72,503 shares of the software maker’s stock worth $10,549,000 after acquiring an additional 45,588 shares during the period.

Insight Enterprises Price Performance

NSIT stock opened at $182.57 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. Insight Enterprises, Inc. has a 12 month low of $117.99 and a 12 month high of $194.57. The firm has a market cap of $5.94 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.35 and a beta of 1.51. The company’s 50-day moving average price is $184.55 and its two-hundred day moving average price is $172.85.

Insight Enterprises (NASDAQ:NSIT) last released 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). Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the prior year, the business earned $2.53 earnings per share. Insight Enterprises’s quarterly revenue was down 10.7% compared to the same quarter last year. On average, analysts anticipate that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

NSIT has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Barrington Research reaffirmed an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research report on Tuesday. 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 report on Thursday, April 11th. Finally, StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

Insight Enterprises 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.