Insight Enterprises, Inc. (NASDAQ:NSIT) Stake Boosted by Pacer Advisors Inc.

Pacer Advisors Inc. raised its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 26.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,073,262 shares of the software maker’s stock after purchasing an additional 225,283 shares during the period. Pacer Advisors Inc. owned about 3.38% of Insight Enterprises worth $163,243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Xponance Inc. lifted its holdings in Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock worth $419,000 after acquiring an additional 52 shares during the last quarter. One Wealth Advisors LLC boosted its position in Insight Enterprises by 4.7% during the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after purchasing an additional 62 shares during the period. Huntington National Bank increased its position in Insight Enterprises by 7.3% in the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after buying an additional 68 shares during the period. Quantinno Capital Management LP lifted its stake in Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after buying an additional 68 shares during the last quarter. Finally, Romano Brothers AND Company grew its position in shares of Insight Enterprises by 2.7% during the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after acquiring an additional 100 shares during the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $173.80 on Monday. The stock’s 50 day moving average price is $158.12 and its 200 day moving average price is $187.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 21.86, a PEG ratio of 1.37 and a beta of 1.42. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.37 EPS. Equities research analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NSIT has been the subject of a number of analyst reports. Redburn Atlantic began coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research cut their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $212.50.

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.