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

Insight Enterprises (NASDAQ:NSIT) had its target price increased by Stifel Nicolaus from $170.00 to $192.00 in a research report report published on Monday, Benzinga reports. The firm currently has a hold rating on the software maker’s stock.

A number of other brokerages also recently commented on NSIT. Barrington Research reiterated an outperform rating and issued a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, March 5th. StockNews.com cut Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. increased their target price on Insight Enterprises from $188.00 to $193.00 and gave the stock a neutral rating in a report on Thursday, April 11th.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $182.20 on Monday. The stock has a 50 day moving average of $185.47 and a two-hundred day moving average of $171.13. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Insight Enterprises has a 12 month low of $117.99 and a 12 month high of $194.57. The company has a market capitalization of $5.93 billion, a P/E ratio of 24.13, a P/E/G ratio of 1.33 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT) last announced 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). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the business posted $2.53 EPS. Insight Enterprises’s revenue was down 10.7% compared to the same quarter last year. As a group, equities analysts expect that Insight Enterprises will post 10.59 EPS for the current year.

Insider Transactions at Insight Enterprises

In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the stock in a transaction that occurred 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 approximately $810,324.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related 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 transaction of $337,939.50. Following the completion of the sale, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samuel C. Cowley sold 7,278 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the sale, the insider now directly owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,918 shares of company stock valued at $3,888,203. Corporate insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NSIT. Raymond James & Associates boosted its position in shares of Insight Enterprises by 14.3% in the 1st quarter. Raymond James & Associates now owns 3,020 shares of the software maker’s stock worth $324,000 after purchasing an additional 377 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Insight Enterprises in the 1st quarter worth $410,000. Bank of Montreal Can boosted its position in shares of Insight Enterprises by 7.6% in the 1st quarter. Bank of Montreal Can now owns 11,631 shares of the software maker’s stock worth $1,268,000 after purchasing an additional 826 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Insight Enterprises by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 18,092 shares of the software maker’s stock worth $1,942,000 after purchasing an additional 6,347 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Insight Enterprises by 2.5% in the 1st quarter. Rhumbline Advisers now owns 101,604 shares of the software maker’s stock worth $10,904,000 after purchasing an additional 2,524 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.