Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,086 shares of the software maker’s stock after selling 160 shares during the quarter. Mackenzie Financial Corp’s holdings in Insight Enterprises were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Insight Enterprises by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock valued at $718,326,000 after buying an additional 13,072 shares during the last quarter. Capital World Investors grew its position in Insight Enterprises by 27.8% in the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock worth $398,700,000 after purchasing an additional 467,088 shares during the last quarter. Capital Research Global Investors grew its holdings in Insight Enterprises by 54.9% in the 1st quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock worth $168,398,000 after buying an additional 321,780 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Insight Enterprises by 2.8% in the 4th quarter. Fiduciary Management Inc. WI now owns 791,752 shares of the software maker’s stock valued at $140,291,000 after acquiring an additional 21,501 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in Insight Enterprises by 28.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 405,407 shares of the software maker’s stock valued at $75,211,000 after acquiring an additional 88,641 shares in the last quarter.

Insider Activity

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.23% of the stock is currently owned by company insiders.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $219.68 on Friday. The company has a 50-day moving average of $205.74 and a 200-day moving average of $199.93. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Insight Enterprises, Inc. has a twelve month low of $139.34 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.56 earnings per share. Analysts forecast that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NSIT. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Barrington Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a report on Friday, September 20th. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Stifel Nicolaus increased their price target on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th.

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.