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

StockNews.com upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a buy rating in a research report released on Friday.

Other research analysts have also issued research reports about the company. Barrington Research boosted their price objective on Insight Enterprises from $211.00 to $225.00 and gave the stock an outperform rating in a report on Thursday, May 9th. Stifel Nicolaus upped their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a hold rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. upped 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.

Insight Enterprises Stock Up 0.8 %

Shares of NASDAQ NSIT opened at $199.60 on Friday. Insight Enterprises has a 12 month low of $131.59 and a 12 month high of $212.44. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $6.50 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.54 and a beta of 1.50. The business has a 50-day moving average of $193.23 and a 200-day moving average of $184.83.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data 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 company had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. Insight Enterprises’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts expect that Insight Enterprises will post 10.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, CEO Joyce A. Mullen sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 40,807 shares in the company, valued at $8,205,471.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Insight Enterprises news, CEO Joyce A. Mullen sold 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 40,807 shares in the company, valued at $8,205,471.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Holdings L.P. Valueact sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the sale, the director now owns 4,061,739 shares of the company’s stock, valued at approximately $781,844,140.11. The disclosure for this sale can be found here. Insiders sold a total of 462,750 shares of company stock valued at $89,169,833 over the last quarter. 1.23% of the stock is owned by corporate insiders.

Institutional Trading of Insight Enterprises

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund raised its holdings in shares of Insight Enterprises by 5.9% during the third quarter. New York State Common Retirement Fund now owns 12,234 shares of the software maker’s stock valued at $1,780,000 after acquiring an additional 683 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Insight Enterprises by 0.6% during the third quarter. Amalgamated Bank now owns 13,219 shares of the software maker’s stock valued at $1,923,000 after acquiring an additional 73 shares in the last quarter. Swiss National Bank raised its holdings in shares of Insight Enterprises by 1.0% during the third quarter. Swiss National Bank now owns 62,200 shares of the software maker’s stock valued at $9,050,000 after acquiring an additional 600 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Insight Enterprises by 8.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,888 shares of the software maker’s stock valued at $275,000 after acquiring an additional 145 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Insight Enterprises by 10.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 282,061 shares of the software maker’s stock valued at $41,040,000 after acquiring an additional 26,223 shares in 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.