Insight Enterprises (NASDAQ:NSIT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a buy rating in a research note published on Thursday morning.

A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus upped their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a hold rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their target price on Insight Enterprises from $193.00 to $195.00 and gave the stock a neutral rating in a research note on Friday, May 3rd. Finally, Barrington Research raised their price target on shares of Insight Enterprises from $211.00 to $225.00 and gave the stock an outperform rating in a research note on Thursday, May 9th.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $198.36 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Insight Enterprises has a 1 year low of $131.59 and a 1 year high of $212.44. The company has a market cap of $6.46 billion, a PE ratio of 24.95, a PEG ratio of 1.53 and a beta of 1.50. The company’s 50-day moving average is $198.04 and its two-hundred day moving average is $188.77.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.55. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the prior year, the company posted $1.78 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Equities analysts anticipate that Insight Enterprises will post 10.78 earnings per share for the current year.

Insider Activity at Insight Enterprises

In related news, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the completion of the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Insight Enterprises news, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the sale, the insider now owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the sale, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at approximately $8,205,471.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 462,750 shares of company stock valued at $89,169,833. 1.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of NSIT. SummerHaven Investment Management LLC grew its position in Insight Enterprises by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,892 shares of the software maker’s stock valued at $867,000 after acquiring an additional 60 shares during the last quarter. Blue Trust Inc. grew its position in Insight Enterprises by 13.2% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after acquiring an additional 64 shares during the last quarter. GAMMA Investing LLC grew its position in Insight Enterprises by 32.7% in the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the last quarter. Exchange Traded Concepts LLC grew its position in Insight Enterprises by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker’s stock valued at $1,701,000 after acquiring an additional 77 shares during the last quarter. Finally, Signaturefd LLC grew its position 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 during 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.