Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month High at $224.49

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $224.49 and last traded at $224.12, with a volume of 54877 shares. The stock had previously closed at $216.81.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NSIT shares. JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Barrington Research lifted their price objective on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th.

Insight Enterprises Stock Performance

The stock has a market capitalization of $7.16 billion, a P/E ratio of 27.74, a P/E/G ratio of 1.72 and a beta of 1.49. The company’s 50-day moving average is $203.25 and its two-hundred day moving average is $192.24. 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 (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. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. Insight Enterprises’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.78 EPS. As a group, sell-side analysts anticipate that Insight Enterprises, Inc. will post 10.78 EPS for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred 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 transaction, the chief executive officer now owns 40,807 shares of the company’s stock, valued at approximately $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 news, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred 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 transaction, the chief executive officer now owns 40,807 shares of the company’s stock, valued at approximately $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 Insight Enterprises stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the completion of the transaction, the director now directly owns 4,061,739 shares in the company, valued at approximately $781,844,140.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 462,750 shares of company stock valued at $89,169,833. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Insight Enterprises in the second quarter worth approximately $38,000. GAMMA Investing LLC purchased a new position in shares of Insight Enterprises in the fourth quarter worth approximately $40,000. SRS Capital Advisors Inc. purchased a new position in shares of Insight Enterprises in the fourth quarter worth approximately $46,000. Signaturefd LLC increased its position in shares of Insight Enterprises by 26.9% in the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after acquiring an additional 83 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in shares of Insight Enterprises in the first quarter worth approximately $89,000.

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.