Insight Enterprises (NASDAQ:NSIT) Price Target Raised to $195.00 at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT) had its price target lifted by JPMorgan Chase & Co. from $193.00 to $195.00 in a report issued on Friday, Benzinga reports. They currently have a neutral rating on the software maker’s stock.

A number of other brokerages have also issued reports on NSIT. Stifel Nicolaus increased their price target on Insight Enterprises from $170.00 to $192.00 and gave the company a hold rating in a research note on Monday, April 15th. StockNews.com lowered Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th. Finally, Barrington Research reissued an outperform rating and issued a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, April 23rd.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT traded up $15.32 during midday trading on Friday, reaching $193.74. 426,548 shares of the company traded hands, compared to its average volume of 233,546. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.30 and a beta of 1.50. The stock has a 50-day moving average price of $184.54 and a 200 day moving average price of $174.35. Insight Enterprises has a 52 week low of $121.91 and a 52 week high of $194.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.23.

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. Sell-side analysts anticipate that Insight Enterprises will post 10.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares in the company, valued at approximately $4,316,948.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the sale, the chief accounting officer now owns 4,436 shares of the company’s stock, valued at $810,324.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its stake in shares of Insight Enterprises by 22.7% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock worth $859,000 after purchasing an additional 1,093 shares in the last quarter. Vanguard Group Inc. lifted its stake in Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after acquiring an additional 245,814 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Insight Enterprises by 3.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock worth $112,577,000 after acquiring an additional 23,085 shares in the last quarter. 13D Management LLC increased its stake in shares of Insight Enterprises by 11.6% during the 3rd quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock worth $12,215,000 after purchasing an additional 8,721 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Insight Enterprises by 53.1% during the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after purchasing an additional 247,049 shares in the last quarter.

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.