Insight Enterprises (NASDAQ:NSIT) Sets New 52-Week High at $226.85

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price reached a new 52-week high on Monday . The company traded as high as $226.85 and last traded at $225.25, with a volume of 2634 shares. The stock had previously closed at $225.24.

Wall Street Analyst Weigh In

NSIT has been the subject of several recent research reports. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Stifel Nicolaus lifted their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. 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. Finally, Barrington Research lifted their price target on Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th.

Insight Enterprises Stock Up 0.3 %

The business’s fifty day simple moving average is $203.83 and its two-hundred day simple moving average is $192.96. The company has a market cap of $7.36 billion, a PE ratio of 28.33, a PEG ratio of 1.74 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.30 billion. During the same quarter in the prior year, the firm posted $1.78 EPS. Insight Enterprises’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Insight Enterprises, Inc. will post 10.78 earnings per share for the current year.

Insider Buying and Selling

In other Insight Enterprises news, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total transaction of $538,532.50. Following the transaction, the insider now directly owns 3,447 shares of the company’s stock, valued at $675,026.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Insight Enterprises news, Director Holdings L.P. Valueact sold 450,000 shares of the business’s 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 sale, the director now directly owns 4,061,739 shares in the company, valued at approximately $781,844,140.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total value of $538,532.50. Following the completion of the transaction, the insider now owns 3,447 shares in the company, valued at approximately $675,026.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 462,750 shares of company stock valued at $89,169,833. 1.23% of the stock is owned by corporate insiders.

Institutional Trading of Insight Enterprises

Several large investors have recently made changes to their positions in NSIT. Vaughan Nelson Investment Management L.P. raised its position in shares of 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 valued at $112,577,000 after buying an additional 23,085 shares during the last quarter. Prudential PLC purchased a new stake in Insight Enterprises during the 4th quarter valued at about $1,394,000. Norges Bank acquired a new stake in Insight Enterprises in the 4th quarter valued at about $58,687,000. Capital Research Global Investors lifted its stake in Insight Enterprises by 54.9% in the 1st quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock worth $168,398,000 after purchasing an additional 321,780 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Insight Enterprises by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock worth $718,326,000 after purchasing an additional 13,072 shares during 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.