Insight Enterprises (NASDAQ:NSIT - Free Report ) had its target price increased by Barrington Research from $211.00 to $225.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an outperform rating on the software maker's stock.
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NSIT has been the topic of a number of other research reports. Stifel Nicolaus lifted 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. JPMorgan Chase & Co. boosted their price target on Insight Enterprises from $193.00 to $195.00 and gave the stock a neutral rating in a research report on Friday, May 3rd. Finally, StockNews.com raised shares of Insight Enterprises from a hold rating to a buy rating in a report on Friday, May 3rd.
Check Out Our Latest Stock Report on NSIT
Insight Enterprises Stock Performance Shares of NASDAQ:NSIT traded up $3.59 during midday trading on Thursday, reaching $203.93. 167,753 shares of the company traded hands, compared to its average volume of 244,108. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. Insight Enterprises has a 12 month low of $122.92 and a 12 month high of $204.44. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 25.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.50. The firm's fifty day moving average price is $185.47 and its two-hundred day moving average price is $175.64.
Insight Enterprises (NASDAQ:NSIT - Get Free Report ) last posted its earnings results on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, topping the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business had revenue of $2.38 billion during the quarter, compared to analysts' expectations of $2.30 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm's revenue was up 2.4% on a year-over-year basis. On average, equities analysts expect that Insight Enterprises will post 10.68 earnings per share for the current year.
Insider Transactions at Insight Enterprises 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 transaction, the chief accounting officer now directly owns 4,436 shares of the company's stock, valued at $810,324.12. The sale was disclosed in a filing with the SEC, which is accessible through this link . In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction on Thursday, February 22nd. The shares were 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 of the company's stock, valued at $810,324.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . Also, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction 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 completion of the transaction, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The disclosure for this sale can be found here . Over the last three months, insiders have sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Insight Enterprises Several institutional investors and hedge funds have recently made changes to their positions in NSIT. Norges Bank purchased a new stake in Insight Enterprises in the fourth quarter valued at $58,687,000. Westfield Capital Management Co. LP purchased a new stake in shares of Insight Enterprises during the 4th quarter worth about $56,128,000. Pacer Advisors Inc. boosted its stake in shares of Insight Enterprises by 53.1% during the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker's stock worth $126,194,000 after acquiring an additional 247,049 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Insight Enterprises by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker's stock worth $598,220,000 after acquiring an additional 245,814 shares in the last quarter. Finally, Capital Research Global Investors boosted its stake in shares of Insight Enterprises by 43.6% during the 4th quarter. Capital Research Global Investors now owns 585,929 shares of the software maker's stock worth $103,821,000 after acquiring an additional 177,943 shares in the last quarter.
Insight Enterprises Company Profile (
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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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