Insight Enterprises (NASDAQ:NSIT) Price Target Raised to $192.00

Insight Enterprises (NASDAQ:NSIT) had its price target hoisted by investment analysts at Stifel Nicolaus from $170.00 to $192.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “hold” rating on the software maker’s stock. Stifel Nicolaus’ price objective points to a potential upside of 5.42% from the company’s previous close.

NSIT has been the topic of several other reports. JPMorgan Chase & Co. boosted their price target on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barrington Research reissued an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research report on Tuesday, March 5th. Finally, StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insight Enterprises Trading Down 0.0 %

NSIT opened at $182.12 on Monday. The stock has a market capitalization of $5.93 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.33 and a beta of 1.51. Insight Enterprises has a 12 month low of $117.99 and a 12 month high of $194.57. The firm’s fifty day simple moving average is $185.41 and its 200 day simple moving average is $171.39. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 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 the consensus estimate of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The company’s revenue was down 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.53 earnings per share. As a group, research analysts anticipate that Insight Enterprises will post 10.59 EPS for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

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

Hedge Funds Weigh In On Insight Enterprises

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Insight Enterprises by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after acquiring an additional 245,814 shares during the period. Capital World Investors increased its position in Insight Enterprises by 3.5% in the 4th quarter. Capital World Investors now owns 1,682,004 shares of the software maker’s stock valued at $298,034,000 after acquiring an additional 56,715 shares during the period. Envestnet Asset Management Inc. increased its position in Insight Enterprises by 3,760.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 945,618 shares of the software maker’s stock valued at $2,757,000 after acquiring an additional 921,122 shares during the period. Morgan Stanley increased its position in Insight Enterprises by 141.7% in the 4th quarter. Morgan Stanley now owns 811,951 shares of the software maker’s stock valued at $81,414,000 after acquiring an additional 476,084 shares during the period. Finally, 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.

Insight Enterprises Company 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.