Insight Enterprises (NASDAQ:NSIT) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Insight Enterprises (NASDAQ:NSITFree Report) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Barrington Research upped their price target on shares of Insight Enterprises from $211.00 to $225.00 and gave the stock an outperform rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a hold rating in a research report on Monday, April 15th.

Get Our Latest Stock Report on Insight Enterprises

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $199.60 on Friday. The business has a 50 day moving average price of $193.23 and a two-hundred day moving average price of $184.34. Insight Enterprises has a fifty-two week low of $131.59 and a fifty-two week high of $212.44. The firm has a market cap of $6.50 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 1.53 and a beta of 1.50. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31.

Insight Enterprises (NASDAQ:NSITGet Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55. The business had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The business’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Sell-side analysts expect that Insight Enterprises will post 10.78 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In related news, insider Adrian P. Gregory sold 2,750 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total value of $538,532.50. Following the completion of the sale, the insider now owns 3,447 shares of the company’s stock, valued at $675,026.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Adrian P. Gregory sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the sale, the insider now owns 3,447 shares of the company’s stock, valued at $675,026.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Holdings L.P. Valueact sold 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the sale, the director now owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The disclosure for this sale can be found here. Over the last quarter, insiders sold 462,750 shares of company stock valued at $89,169,833. 1.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Insight Enterprises

Several large investors have recently made changes to their positions in NSIT. GAMMA Investing LLC bought a new stake in shares of Insight Enterprises in the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. acquired a new position in Insight Enterprises in the fourth quarter worth approximately $46,000. Signaturefd LLC increased its holdings in shares of Insight Enterprises by 26.9% in the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after buying an additional 83 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Insight Enterprises during the 1st quarter worth $89,000. Finally, Anchor Investment Management LLC acquired a new position in shares of Insight Enterprises in the 4th quarter worth $89,000.

About Insight Enterprises

(Get Free Report)

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.

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