Adrian P. Gregory Sells 2,750 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSITGet Free Report) insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the sale, the insider now owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Insight Enterprises Price Performance

NSIT stock opened at $195.50 on Friday. The firm has a 50 day moving average of $191.73 and a 200-day moving average of $182.33. Insight Enterprises, Inc. has a 12-month low of $131.59 and a 12-month high of $212.44. 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 market cap of $6.37 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 1.52 and a beta of 1.50.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NSIT. GAMMA Investing LLC purchased a new position in shares of Insight Enterprises during the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. purchased a new position in shares of Insight Enterprises during the 4th quarter worth approximately $46,000. Signaturefd LLC increased its stake in shares of Insight Enterprises by 26.9% during the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after purchasing an additional 83 shares in the last quarter. Anchor Investment Management LLC purchased a new position in shares of Insight Enterprises during the 4th quarter worth approximately $89,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Insight Enterprises during the 1st quarter worth approximately $89,000.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Barrington Research raised their price objective on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Stifel Nicolaus raised 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd.

View Our Latest Research Report on NSIT

Insight Enterprises Company Profile

(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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