Insight Enterprises (NASDAQ:NSIT) Stock Rating Upgraded by StockNews.com

Insight Enterprises (NASDAQ:NSIT) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Friday.

Several other equities research analysts have also recently issued reports on NSIT. JPMorgan Chase & Co. raised their target price on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday. Barrington Research reissued an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a research note on Tuesday, April 23rd. Finally, Stifel Nicolaus upped their price objective on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th.

Insight Enterprises Trading Up 8.6 %

NSIT traded up $15.32 during trading on Friday, hitting $193.74. The company’s stock had a trading volume of 426,548 shares, compared to its average volume of 246,220. Insight Enterprises has a twelve month low of $121.91 and a twelve month high of $194.57. The firm’s 50 day moving average price is $184.54 and its 200-day moving average price is $174.35. 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 $6.30 billion, a PE ratio of 25.66, a PEG ratio of 1.26 and a beta of 1.50.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, beating the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts expect that Insight Enterprises will post 10.59 earnings per share for the current year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, Director Richard E. Allen sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the transaction, the director now directly owns 30,647 shares of the company’s stock, valued at $5,680,114.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard E. Allen sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following 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 quarter, insiders have sold 20,918 shares of company stock worth $3,888,203. Company insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSIT. SummerHaven Investment Management LLC lifted its stake in shares of Insight Enterprises by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,892 shares of the software maker’s stock worth $867,000 after acquiring an additional 60 shares in the last quarter. Blue Trust Inc. raised its position in shares of Insight Enterprises by 13.2% in the 4th quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after purchasing an additional 64 shares in the last quarter. GAMMA Investing LLC boosted 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 last quarter. Amalgamated Bank boosted 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 last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Insight Enterprises by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker’s stock worth $1,701,000 after buying an additional 77 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.