Insight Enterprises (NASDAQ:NSIT) Reaches New 12-Month High After Analyst Upgrade

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) reached a new 52-week high during trading 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 changing hands. The stock had previously closed at $193.74.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Barrington Research restated an "outperform" rating and issued a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, April 23rd.

Insider Buying and Selling

In related news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the sale, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the sale, the chief accounting officer now directly owns 4,436 shares in the company, valued at approximately $810,324.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $1,365,498.36. Following the sale, the insider now owns 23,009 shares in the company, valued at $4,316,948.58. The disclosure for this sale can be found here. Insiders have sold a total of 20,918 shares of company stock worth $3,888,203 in the last ninety days. Company insiders own 1.23% of the company's stock.

Institutional Investors Weigh In On Insight Enterprises

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $40,000. SRS Capital Advisors Inc. bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $46,000. Signaturefd LLC boosted its stake in shares of Insight Enterprises by 26.9% in the 4th 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. Anchor Investment Management LLC bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $89,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $94,000.

Insight Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.27. The stock's 50 day moving average price is $184.54 and its 200 day moving average price is $174.69. The company has a market capitalization of $6.51 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 1.40 and a beta of 1.50.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its 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 for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the company earned $1.78 EPS. Insight Enterprises's quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

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.