Insight Enterprises (NASDAQ:NSIT) Hits New 1-Year High on Analyst Upgrade

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price hit a new 52-week high on Monday after StockNews.com upgraded the stock from a hold rating to a buy rating. The stock traded as high as $197.11 and last traded at $196.17, with a volume of 12147 shares. The stock had previously closed at $193.74.

NSIT has been the topic of a number of other research reports. Barrington Research reissued an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Stifel Nicolaus raised their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research note on Monday, April 15th.

Insider Buying and Selling

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s 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 in the company, valued at $810,324.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the transaction, the director now owns 5,800 shares in the company, valued at $1,073,696. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises 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 sale, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,918 shares of company stock worth $3,888,203. 1.23% of the stock is owned by insiders.

Institutional Trading of Insight Enterprises

A number of institutional investors have recently bought and sold shares of NSIT. GAMMA Investing LLC acquired a new stake in Insight Enterprises during the fourth quarter worth about $40,000. SRS Capital Advisors Inc. acquired a new stake in shares of Insight Enterprises during the fourth quarter valued at about $46,000. Signaturefd LLC grew its holdings in shares of Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after purchasing an additional 83 shares during the last quarter. Anchor Investment Management LLC bought a new position in Insight Enterprises in the 4th quarter valued at approximately $89,000. Finally, International Assets Investment Management LLC bought a new stake in Insight Enterprises during the 4th quarter worth approximately $94,000.

Insight Enterprises Stock Performance

The stock 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 company’s 50-day simple moving average is $184.86 and its 200-day simple moving average is $175.08. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.55. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. Insight Enterprises’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, analysts expect that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

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.