Insight Enterprises (NASDAQ:NSIT) Price Target Increased to $192.00 by Analysts at Stifel Nicolaus

Insight Enterprises (NASDAQ:NSIT) had its price objective boosted by Stifel Nicolaus from $170.00 to $192.00 in a research report released on Monday, Benzinga reports. Stifel Nicolaus currently has a hold rating on the software maker’s stock.

Several other equities research analysts have also issued reports on NSIT. StockNews.com lowered shares of Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th. Barrington Research restated an outperform rating and issued a $211.00 target price on shares of Insight Enterprises in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a neutral rating in a report on Thursday, April 11th.

Insight Enterprises Price Performance

NSIT stock opened at $180.85 on Monday. Insight Enterprises has a 52 week low of $117.99 and a 52 week high of $194.57. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $185.34 and a two-hundred day simple moving average of $171.45. The firm has a market capitalization of $5.88 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the business earned $2.53 EPS. Insight Enterprises’s revenue for the quarter was down 10.7% compared to the same quarter last year. Analysts anticipate that Insight Enterprises will post 10.59 earnings per share for the current fiscal year.

Insider Activity at Insight Enterprises

In related news, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the sale, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the sale, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the sale, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Insiders sold 20,918 shares of company stock worth $3,888,203 in the last 90 days. 1.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NSIT. Envestnet Asset Management Inc. increased its position in Insight Enterprises by 3,760.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 945,618 shares of the software maker’s stock valued at $2,757,000 after purchasing an additional 921,122 shares during the period. Capital Research Global Investors increased its position in Insight Enterprises by 173.7% during the 1st quarter. Capital Research Global Investors now owns 752,800 shares of the software maker’s stock valued at $80,790,000 after purchasing an additional 477,800 shares during the period. Morgan Stanley increased its position in Insight Enterprises by 141.7% during the 4th quarter. Morgan Stanley now owns 811,951 shares of the software maker’s stock valued at $81,414,000 after purchasing an additional 476,084 shares during the period. Norges Bank purchased a new position in Insight Enterprises during the 4th quarter valued at about $58,687,000. Finally, Goldman Sachs Group Inc. increased its position in Insight Enterprises by 379.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 409,417 shares of the software maker’s stock valued at $43,939,000 after purchasing an additional 324,079 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.