Insight Enterprises (NASDAQ:NSIT) Given New $165.00 Price Target at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from $152.00 to $165.00 in a 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 indicates a potential upside of 17.10% from the stock's previous close.

Separately, Barrington Research restated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Tuesday, May 20th.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT traded up $2.94 during midday trading on Thursday, reaching $140.90. 130,185 shares of the company traded hands, compared to its average volume of 363,298. Insight Enterprises has a 12 month low of $126.10 and a 12 month high of $228.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.19 and a current ratio of 1.23. The stock's 50-day simple moving average is $135.94 and its 200-day simple moving average is $147.05. The firm has a market cap of $4.50 billion, a PE ratio of 28.18, a PEG ratio of 1.27 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the business earned $2.37 earnings per share. The company's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities analysts anticipate that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in shares of Insight Enterprises by 79.2% during the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after acquiring an additional 84 shares during the period. Janney Montgomery Scott LLC bought a new stake in Insight Enterprises during the 1st quarter worth about $952,000. WCM Investment Management LLC lifted its position in Insight Enterprises by 60.9% during the 1st quarter. WCM Investment Management LLC now owns 114,047 shares of the software maker's stock valued at $17,406,000 after purchasing an additional 43,186 shares during the period. Raymond James Financial Inc. bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $532,000. Finally, TT International Asset Management LTD acquired a new stake in shares of Insight Enterprises during the 1st quarter worth approximately $3,705,000.

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.

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