Insight Enterprises - NSIT Stock Forecast, Price & News

IInsight Enterprises, Inc., together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services. It also offers cloud and data center transformation; connected workplace; and supply chain optimization solutions. In addition, the company provides software maintenance solutions that offers clients to obtain software upgrades, bug fixes, help desk, and other support services; vendor direct support services; and offers Software-as-a-Service subscription products. Further, it designs, procures, deploys, implements, and manages solutions that combine hardware, software, and services to help businesses. Additionally, the company sources, procures, stages, configures, integrates, tests, refurbishes, and redeploys IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty services. It serves construction technology, enterprise business, financial services, health care and life sciences, manufacturing technology, retails and restaurants, service providers, small to medium business, and travel and tourism industries. The company was founded in 1988 and is headquartered in Tempe, Arizona.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NSIT. JPMorgan Chase & Co. began coverage on shares of Insight Enterprises in a research note on Thursday, July 14th. They set a "neutral" rating and a $98.00 price objective for the company. StockNews.com cut shares of Insight Enterprises from a "buy" rating to a "hold" rating in a research note on Wednesday, May 11th. Finally, Barrington Research lowered their price objective on shares of Insight Enterprises from $122.00 to $110.00 and set an "outperform" rating for the company in a research note on Monday, August 8th.

Insight Enterprises Stock Up 0.9 %

Insight Enterprises stock traded up $0.88 during trading on Friday, reaching $93.65. 216,611 shares of the company's stock were exchanged, compared to its average volume of 226,742. The company's 50-day moving average is $90.37 and its two-hundred day moving average is $97.18. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.36 and a current ratio of 1.48. Insight Enterprises has a 52-week low of $82.50 and a 52-week high of $111.02. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.89 and a beta of 1.60.

Insight Enterprises (NASDAQ:NSIT - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The software maker reported $2.78 earnings per share for the quarter, topping analysts' consensus estimates of $2.02 by $0.76. Insight Enterprises had a net margin of 2.53% and a return on equity of 19.60%. The firm had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.61 billion. During the same period in the prior year, the company earned $1.91 EPS. The firm's revenue was up 23.0% on a year-over-year basis. On average, analysts predict that Insight Enterprises will post 8.68 earnings per share for the current year.

Insider Buying and Selling

In other Insight Enterprises news, Director Holdings L.P. Valueact purchased 18,883 shares of the firm's stock in a transaction that occurred on Wednesday, May 18th. The stock was purchased at an average cost of $99.92 per share, with a total value of $1,886,789.36. Following the transaction, the director now owns 3,779,226 shares in the company, valued at $377,620,261.92. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders acquired 218,883 shares of company stock valued at $21,398,789. Company insiders own 1.61% of the company's stock.