Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Has Average Target Price of $147.50

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have received a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $147.50.

A number of research analysts recently weighed in on the company. Zacks Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings upgraded Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price target on shares of Insight Enterprises in a report on Thursday, August 6th. Wall Street Zen lowered Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, JPMorgan Chase & Co. boosted their price target on Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Insider Activity

In related news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.21% of the stock is owned by company insiders.

Institutional Trading of Insight Enterprises

Several large investors have recently added to or reduced their stakes in NSIT. Fulcrum Asset Management LLP lifted its holdings in Insight Enterprises by 494.3% in the third quarter. Fulcrum Asset Management LLP now owns 10,566 shares of the software maker’s stock valued at $1,644,000 after buying an additional 8,788 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in Insight Enterprises during the 3rd quarter worth $6,379,000. Ethic Inc. acquired a new stake in Insight Enterprises during the 3rd quarter worth $203,000. Heritage Family Offices LLP acquired a new stake in shares of Insight Enterprises during the third quarter worth $78,000. Finally, BOCHK Asset Management Ltd acquired a new position in Insight Enterprises in the third quarter valued at about $1,462,000.

Insight Enterprises Trading Up 4.9%

Shares of NSIT opened at $175.62 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $162.67 and a 200 day moving average price of $114.51. Insight Enterprises has a 12-month low of $63.62 and a 12-month high of $182.12. The firm has a market capitalization of $5.15 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.21 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same period in the prior year, the firm earned $2.45 earnings per share. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts forecast that Insight Enterprises will post 11.50 EPS for the current year.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.