Insight Enterprises (NASDAQ:NSIT) Shares Down 5.2%

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) fell 5.2% during mid-day trading on Wednesday . The stock traded as low as $170.63 and last traded at $173.11. 409,767 shares traded hands during trading, an increase of 72% from the average session volume of 237,938 shares. The stock had previously closed at $182.57.

Analysts Set New Price Targets

Several brokerages have issued reports on NSIT. Barrington Research reaffirmed an "outperform" rating and set a $211.00 price objective on shares of Insight Enterprises in a report on Tuesday, April 23rd. Stifel Nicolaus increased their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a "hold" rating in a research note on Monday, April 15th. JPMorgan Chase & Co. increased their target price on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th. Finally, StockNews.com downgraded shares of Insight Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

Insight Enterprises Stock Performance

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 stock has a market cap of $5.64 billion, a price-to-earnings ratio of 22.94, a P/E/G ratio of 1.33 and a beta of 1.51. The stock's 50-day moving average is $184.50 and its 200 day moving average is $174.01.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.06). The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. Insight Enterprises's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.53 EPS. As a group, analysts predict that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm's 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 completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company's stock, valued at approximately $810,324.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Insight Enterprises 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 value of $337,939.50. Following the completion of the sale, the chief accounting officer now directly owns 4,436 shares of the company's stock, valued at approximately $810,324.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard E. Allen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the sale, the director now directly owns 30,647 shares of the company's stock, valued at $5,680,114.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 20,918 shares of company stock valued at $3,888,203. Corporate insiders own 1.23% of the company's stock.

Institutional Trading of Insight Enterprises

Hedge funds and other institutional investors have recently bought and sold shares of the company. SummerHaven Investment Management LLC grew its stake in shares of Insight Enterprises by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 4,892 shares of the software maker's stock valued at $867,000 after buying an additional 60 shares during the period. Blue Trust Inc. grew its stake in shares of Insight Enterprises by 13.2% during the 4th quarter. Blue Trust Inc. now owns 550 shares of the software maker's stock valued at $97,000 after buying an additional 64 shares during the period. GAMMA Investing LLC grew its stake in shares of Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker's stock valued at $53,000 after buying an additional 71 shares during the period. Amalgamated Bank grew its stake in shares of Insight Enterprises by 0.6% during the 3rd quarter. Amalgamated Bank now owns 13,219 shares of the software maker's stock valued at $1,923,000 after buying an additional 73 shares during the period. Finally, Exchange Traded Concepts LLC grew its stake in shares of Insight Enterprises by 0.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker's stock valued at $1,701,000 after buying an additional 77 shares during the period.

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.