Insight Enterprises (NASDAQ:NSIT) Sees Unusually-High Trading Volume – Should You Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) shares saw unusually-strong trading volume on Tuesday . Approximately 304,991 shares traded hands during trading, an increase of 38% from the previous session’s volume of 221,536 shares.The stock last traded at $218.60 and had previously closed at $221.72.

Analyst Ratings Changes

NSIT has been the subject of several analyst reports. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Stifel Nicolaus boosted their price target on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Barrington Research reiterated an “outperform” rating and set a $225.00 price objective on shares of Insight Enterprises in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd.

Insight Enterprises Trading Down 2.5 %

The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average of $212.05 and a two-hundred day moving average of $203.07. The firm has a market capitalization of $6.87 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.75 and a beta of 1.45.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The firm’s revenue was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $2.56 EPS. On average, analysts anticipate that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

Insider Transactions at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the sale, the insider now owns 5,460 shares in the company, valued at $1,124,923.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors have recently added to or reduced their stakes in NSIT. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Insight Enterprises by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker’s stock worth $255,000 after purchasing an additional 107 shares during the period. Assenagon Asset Management S.A. bought a new position in Insight Enterprises during the 3rd quarter worth $4,753,000. Romano Brothers AND Company lifted its holdings in Insight Enterprises by 15.4% during the 3rd quarter. Romano Brothers AND Company now owns 3,750 shares of the software maker’s stock worth $808,000 after buying an additional 500 shares during the period. One Wealth Advisors LLC grew its position in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after buying an additional 62 shares during the last quarter. Finally, NBC Securities Inc. acquired a new stake in shares of Insight Enterprises in the third quarter valued at about $465,000.

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.