JPMorgan Chase & Co. Raises Insight Enterprises (NASDAQ:NSIT) Price Target to $195.00

Insight Enterprises (NASDAQ:NSIT - Get Free Report) had its price target increased by research analysts at JPMorgan Chase & Co. from $193.00 to $195.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a "neutral" rating on the software maker's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 0.65% from the stock's current price.

Other analysts also recently issued research reports about the company. Stifel Nicolaus lifted their target price on Insight Enterprises from $170.00 to $192.00 and gave the company a "hold" rating in a research note on Monday, April 15th. Barrington Research reaffirmed an "outperform" rating and set a $211.00 target price on shares of Insight Enterprises in a research note on Tuesday, April 23rd. Finally, StockNews.com downgraded Insight Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT traded up $15.32 during mid-day trading on Friday, hitting $193.74. The company had a trading volume of 426,548 shares, compared to its average volume of 246,220. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 1.26 and a beta of 1.50. Insight Enterprises has a 12 month low of $121.91 and a 12 month high of $194.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The firm's 50 day simple moving average is $184.37 and its two-hundred day simple moving average is $174.04.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.55. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business's revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.78 EPS. As a group, equities research analysts forecast that Insight Enterprises will post 10.59 earnings per share for the current year.

Insider Activity

In other news, 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 transaction of $337,939.50. Following the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. In related news, 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the transaction, the director now owns 5,800 shares in the company, valued at $1,073,696. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,918 shares of company stock worth $3,888,203. 1.23% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker's stock worth $598,220,000 after buying an additional 245,814 shares during the period. Capital World Investors boosted its position in shares of Insight Enterprises by 3.5% in the fourth quarter. Capital World Investors now owns 1,682,004 shares of the software maker's stock worth $298,034,000 after buying an additional 56,715 shares during the period. Fiduciary Management Inc. WI boosted its position in shares of Insight Enterprises by 2.8% in the fourth quarter. Fiduciary Management Inc. WI now owns 791,752 shares of the software maker's stock worth $140,291,000 after buying an additional 21,501 shares during the period. Pacer Advisors Inc. boosted its position in shares of Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker's stock worth $126,194,000 after buying an additional 247,049 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Insight Enterprises by 3.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker's stock worth $112,577,000 after buying an additional 23,085 shares during the period.

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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