Insight Enterprises (NASDAQ:NSIT) PT Raised to $200.00

Insight Enterprises (NASDAQ:NSIT) had its price objective increased by Stifel Nicolaus from $192.00 to $200.00 in a report released on Wednesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the software maker’s stock.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Insight Enterprises from a buy rating to a hold rating in a research note on Friday, July 5th. JPMorgan Chase & Co. increased their price objective 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. Finally, Barrington Research boosted their target price on Insight Enterprises from $211.00 to $225.00 and gave the company an outperform rating in a research report on Thursday, May 9th.

Insight Enterprises Stock Down 0.9 %

Shares of NASDAQ:NSIT opened at $213.33 on Wednesday. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.67 and a beta of 1.49. Insight Enterprises has a 12 month low of $131.59 and a 12 month high of $223.38. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The company has a 50-day moving average price of $202.51 and a 200 day moving average price of $191.34.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 21.34% and a net margin of 3.23%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.78 EPS. As a group, equities research analysts predict that Insight Enterprises will post 10.78 earnings per share for the current year.

Insider Transactions at Insight Enterprises

In other Insight Enterprises news, insider Adrian P. Gregory sold 2,750 shares of the business’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 directly owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Holdings L.P. Valueact sold 450,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the transaction, the director now owns 4,061,739 shares in the company, valued at $781,844,140.11. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 462,750 shares of company stock worth $89,169,833. Insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in NSIT. Opal Wealth Advisors LLC purchased a new stake in shares of Insight Enterprises in the second quarter worth about $38,000. GAMMA Investing LLC purchased a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $40,000. SRS Capital Advisors Inc. purchased a new stake in Insight Enterprises during the fourth quarter worth $46,000. Signaturefd LLC grew its position in shares of Insight Enterprises by 26.9% during the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after acquiring an additional 83 shares during the period. Finally, EntryPoint Capital LLC purchased a new position in shares of Insight Enterprises during the 1st quarter valued at approximately $89,000.

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.