Stifel Nicolaus Raises Insight Enterprises (NASDAQ:NSIT) Price Target to $192.00

Insight Enterprises (NASDAQ:NSIT) had its price objective increased by Stifel Nicolaus from $170.00 to $192.00 in a research note released on Monday, Benzinga reports. They currently have a hold rating on the software maker’s stock.

A number of other equities research analysts also recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Insight Enterprises from $188.00 to $193.00 and gave the company a neutral rating in a report on Thursday, April 11th. Barrington Research reaffirmed an outperform rating and issued a $211.00 target price on shares of Insight Enterprises in a report on Tuesday, March 5th. Finally, StockNews.com downgraded Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th.

Insight Enterprises Trading Down 0.3 %

Shares of NSIT stock opened at $182.20 on Monday. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. The stock has a market cap of $5.93 billion, a P/E ratio of 24.13, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The stock has a 50 day simple moving average of $185.47 and a 200 day simple moving average of $171.13. Insight Enterprises has a 1 year low of $117.99 and a 1 year high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly 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 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 quarterly revenue was down 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.53 earnings per share. On average, research analysts predict that Insight Enterprises will post 10.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the 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 in the company, valued at approximately $810,324.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Richard E. Allen sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the transaction, the director now directly owns 30,647 shares in the company, valued at approximately $5,680,114.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the stock in a transaction on Thursday, February 22nd. The shares were 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 owns 4,436 shares of the company’s stock, valued at $810,324.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC raised its position in Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after purchasing an additional 71 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Insight Enterprises by 119.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,882 shares of the software maker’s stock worth $865,000 after purchasing an additional 2,656 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Insight Enterprises by 16.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 120,369 shares of the software maker’s stock worth $21,328,000 after purchasing an additional 16,713 shares during the last quarter. Cim LLC bought a new position in Insight Enterprises during the 4th quarter worth $556,000. Finally, Price T Rowe Associates Inc. MD raised its position in Insight Enterprises by 97.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,063 shares of the software maker’s stock worth $6,568,000 after purchasing an additional 18,329 shares during 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.