Mercer Global Advisors Inc. ADV Purchases 955 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Mercer Global Advisors Inc. ADV increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 13.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,294 shares of the software maker’s stock after acquiring an additional 955 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Insight Enterprises were worth $1,645,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of NSIT. Opal Wealth Advisors LLC bought a new position in shares of Insight Enterprises in the second quarter valued at approximately $38,000. GAMMA Investing LLC boosted its position in shares of Insight Enterprises by 32.7% in the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the period. EntryPoint Capital LLC bought a new position in shares of Insight Enterprises in the first quarter valued at approximately $89,000. Blue Trust Inc. boosted its position in shares of Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares during the period. Finally, First Foundation Advisors bought a new position in shares of Insight Enterprises in the first quarter valued at approximately $195,000.

Insight Enterprises Trading Up 0.4 %

NSIT stock opened at $211.99 on Wednesday. The company has a market capitalization of $6.90 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. Insight Enterprises, Inc. has a one year low of $139.34 and a one year high of $228.07. The company’s 50 day moving average price is $206.62 and its two-hundred day moving average price is $198.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22.

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

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Barrington Research reiterated an “outperform” rating and set a $225.00 target price on shares of Insight Enterprises in a research report on Friday, September 20th. Finally, Stifel Nicolaus lifted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.