Insight Enterprises (NASDAQ:NSIT) Price Target Increased to $195.00 by Analysts at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT) had its target price lifted by JPMorgan Chase & Co. from $193.00 to $195.00 in a research report released on Friday morning, Benzinga reports. They currently have a neutral rating on the software maker’s stock.

NSIT has been the subject 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, April 23rd. Stifel Nicolaus upped their target price on Insight Enterprises from $170.00 to $192.00 and gave the company a hold rating in a research note on Monday, April 15th. Finally, StockNews.com lowered Insight Enterprises from a buy rating to a hold rating in a research note on Friday, January 26th.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $199.92 on Friday. Insight Enterprises has a fifty-two week low of $122.33 and a fifty-two week high of $201.86. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 25.15, a PEG ratio of 1.40 and a beta of 1.50. The stock has a fifty day moving average of $184.86 and a two-hundred day moving average of $175.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.27.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same period in the previous year, the firm posted $1.78 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, analysts anticipate that Insight Enterprises will post 10.68 EPS for the current fiscal year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the sale, the chief accounting officer now directly owns 4,436 shares in the company, valued at $810,324.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the sale, the insider now owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,918 shares of company stock worth $3,888,203. 1.23% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors and hedge funds have recently modified their holdings of NSIT. Handelsbanken Fonder AB boosted its position in shares of Insight Enterprises by 34.2% in the third quarter. Handelsbanken Fonder AB now owns 3,530 shares of the software maker’s stock worth $514,000 after buying an additional 900 shares during the period. Raymond James & Associates boosted its position in shares of Insight Enterprises by 3.7% in the third quarter. Raymond James & Associates now owns 5,602 shares of the software maker’s stock worth $815,000 after buying an additional 199 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Insight Enterprises by 6.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,510 shares of the software maker’s stock worth $365,000 after buying an additional 145 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Insight Enterprises by 7.6% in the third quarter. Bank of New York Mellon Corp now owns 309,407 shares of the software maker’s stock worth $45,019,000 after buying an additional 21,953 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Insight Enterprises by 7.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,753 shares of the software maker’s stock worth $983,000 after buying an additional 462 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.