Insight Enterprises (NASDAQ:NSIT) Given New $192.00 Price Target at Stifel Nicolaus

Insight Enterprises (NASDAQ:NSIT - Free Report) had its price target raised by Stifel Nicolaus from $170.00 to $192.00 in a report published on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the software maker's stock.

A number of other research firms also recently weighed in on NSIT. Barrington Research reaffirmed an outperform rating and set a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, March 5th. JPMorgan Chase & Co. boosted their price objective on Insight Enterprises from $188.00 to $193.00 and gave the company a neutral rating in a research report on Thursday. Finally, StockNews.com cut Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th.

Insight Enterprises Stock Down 0.3 %

Shares of NASDAQ NSIT traded down $0.47 on Monday, hitting $182.20. The company had a trading volume of 186,985 shares, compared to its average volume of 238,693. The firm has a market capitalization of $5.93 billion, a P/E ratio of 24.13, a PEG ratio of 1.33 and a beta of 1.51. The business has a 50 day moving average of $185.47 and a two-hundred day moving average of $171.13. The company has a quick ratio of 1.23, a current ratio of 1.28 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.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $2.41 billion. During the same quarter in the previous 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 research analysts forecast that Insight Enterprises will post 10.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction dated 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 transaction, the chief accounting officer now owns 4,436 shares in the company, valued at $810,324.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm's stock in a transaction dated 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 sale, the chief accounting officer now directly owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kathleen S. Pushor sold 1,790 shares of the company's stock in a transaction 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 approximately $1,073,696. 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. West Tower Group LLC grew its position in Insight Enterprises by 332.4% during the 4th quarter. West Tower Group LLC now owns 160 shares of the software maker's stock worth $28,000 after acquiring an additional 123 shares during the last quarter. GAMMA Investing LLC purchased a new position in Insight Enterprises during the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. bought a new position in Insight Enterprises during the 4th quarter valued at approximately $46,000. Federated Hermes Inc. lifted its stake in Insight Enterprises by 40.2% in the third quarter. Federated Hermes Inc. now owns 366 shares of the software maker's stock worth $30,000 after acquiring an additional 105 shares during the period. Finally, Signaturefd LLC boosted 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 acquiring an additional 83 shares in the last quarter.

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.