Insight Enterprises (NASDAQ:NSIT) PT Raised to $193.00 at JPMorgan Chase & Co.

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

NSIT has been the subject of a number of other reports. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Barrington Research restated an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a research note on Tuesday, March 5th.

Insight Enterprises Stock Performance

NSIT stock opened at $182.67 on Thursday. 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 firm has a market cap of $5.94 billion, a P/E ratio of 24.19, a P/E/G ratio of 1.34 and a beta of 1.51. Insight Enterprises has a 12-month low of $117.99 and a 12-month high of $194.57. The stock’s 50 day simple moving average is $185.50 and its 200 day simple moving average is $170.53.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. Insight Enterprises’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 earnings per share. As a group, equities research analysts predict that Insight Enterprises will post 10.59 EPS for the current year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, Director Richard E. Allen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the sale, 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 is available at this hyperlink. In related news, Director Richard E. Allen sold 10,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 30,647 shares of the company’s stock, valued at approximately $5,680,114.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The disclosure for this sale can be found here. Insiders sold 20,918 shares of company stock worth $3,888,203 in the last quarter. 1.02% of the stock is owned by company insiders.

Institutional Trading of Insight Enterprises

Several institutional investors have recently bought and sold shares of NSIT. West Tower Group LLC boosted its stake in Insight Enterprises by 332.4% in the fourth quarter. West Tower Group LLC now owns 160 shares of the software maker’s stock worth $28,000 after purchasing an additional 123 shares in the last quarter. Federated Hermes Inc. increased its holdings in Insight Enterprises by 40.2% in the third quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. GAMMA Investing LLC bought a new stake in Insight Enterprises in the fourth quarter valued at about $40,000. SRS Capital Advisors Inc. bought a new stake in Insight Enterprises in the fourth quarter valued at about $46,000. Finally, Signaturefd LLC increased its holdings in Insight Enterprises by 26.9% in the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after purchasing an additional 83 shares during the last quarter.

About Insight Enterprises

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.