JPMorgan Chase & Co. Raises Insight Enterprises (NASDAQ:NSIT) Price Target to $193.00

Insight Enterprises (NASDAQ:NSIT) had its target price raised by stock analysts at JPMorgan Chase & Co. from $188.00 to $193.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 5.66% from the stock’s current price.

NSIT has been the topic of a number of other reports. Barrington Research reissued an “outperform” rating and issued a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, March 5th. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th.

Insight Enterprises Trading Down 0.8 %

Shares of NSIT stock opened at $182.67 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.34 and a beta of 1.51. Insight Enterprises has a 52-week low of $117.99 and a 52-week high of $194.57. The company has a 50-day simple moving average of $185.50 and a two-hundred day simple moving average of $170.53.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.06). The business 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 business’s revenue was down 10.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.53 earnings per share. 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, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at $810,324.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at $810,324.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the sale, the director now owns 5,800 shares in the company, valued at $1,073,696. The disclosure for this sale can be found here. Insiders have sold a total of 20,918 shares of company stock worth $3,888,203 over the last ninety days. 1.02% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Insight Enterprises by 22.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock valued at $859,000 after buying an additional 1,093 shares in the last quarter. Vanguard Group Inc. grew its holdings in Insight Enterprises by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after buying an additional 245,814 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Insight Enterprises by 3.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock worth $112,577,000 after purchasing an additional 23,085 shares in the last quarter. 13D Management LLC grew its holdings in shares of Insight Enterprises by 11.6% during the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock worth $12,215,000 after purchasing an additional 8,721 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Insight Enterprises by 53.1% during the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after purchasing an additional 247,049 shares in the last quarter.

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.