Insight Enterprises Inc. (NASDAQ:NSIT) shares traded 0.96% higher at $99.77 on Wall Street last session.
In accordance with the data, 5 analysts cover Insight Enterprises Inc. (NASDAQ:NSIT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $129.00 and a low of $108.00, we find $110.00. Given the previous closing price of $98.82, this indicates a potential upside of 11.31 percent. NSIT stock price is now 13.75% away from the 50-day moving average and 5.45% away from the 200-day moving average. The market capitalization of the company currently stands at $3.44B.
It has been rated a hold by 2 analysts and a buy by 3. Brokers who have rated the stock have averaged $114.25 as their price target over the next twelve months.
With the price target of $98, JP Morgan recently initiated with Neutral rating for Insight Enterprises Inc. (NASDAQ: NSIT). On June 16, 2021, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock keeping its target price maintained at $106, while ‘Barrington Research’ rates the stock as ‘Outperform’.
In other news, ValueAct Holdings, L.P., Director bought 39,679 shares of the company’s stock on Aug 31. The stock was bought for $3,607,615 at an average price of $90.92. Upon completion of the transaction, the Director now directly owns 4,421,951 shares in the company, valued at $441.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30, Director ValueAct Holdings, L.P. bought 29,634 shares of the business’s stock. A total of $2,724,254 was incurred on buying the stock at an average price of $91.93. This leaves the insider owning 4,382,272 shares of the company worth $437.22 million. Insiders disposed of 102,311 shares of company stock worth roughly $10.21 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NSIT stock. A new stake in Insight Enterprises Inc. shares was purchased by JNE PARTNERS LLP during the first quarter worth $22,249,000. HRT FINANCIAL LP invested $5,022,000 in shares of NSIT during the first quarter. In the first quarter, MAGNETAR FINANCIAL LLC acquired a new stake in Insight Enterprises Inc. valued at approximately $4,184,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC acquired a new stake in NSIT for approximately $3,532,000. GREAT WEST LIFE ASSURANCE CO /CAN/ purchased a new stake in NSIT valued at around $3,449,000 in the second quarter.
Insight Enterprises Inc. (NASDAQ: NSIT) opened at $98.81 on Friday. During the past 12 months, Insight Enterprises Inc. has had a low of $81.11 and a high of $111.02. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.70, and a quick ratio of 1.50. The fifty day moving average price for NSIT is $87.92 and a two-hundred day moving average price translates $94.65 for the stock.
The latest earnings results from Insight Enterprises Inc. (NASDAQ: NSIT) was released for Jun, 2022. According to the Information Technology Services Company, earnings per share came in at $2.78, beating analysts’ expectations of $2.06 by 0.72. This compares to $1.51 EPS in the same period last year. The net profit margin was 2.50% and return on equity was 16.90% for NSIT. The company reported revenue of $2.53 billion for the quarter, compared to $2.45 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.55 percent. For the current quarter, analysts expect NSIT to generate $2.59B in revenue.
Insight Enterprises Inc.(NSIT) Company Profile
Insight Enterprises, Inc., together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company’s solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services. It also offers cloud and data center transformation; connected workplace; and supply chain optimization solutions. In addition, the company provides software maintenance solutions that offers clients to obtain software upgrades, bug fixes, help desk, and other support services; vendor direct support services; and offers Software-as-a-Service subscription products. Further, it designs, procures, deploys, implements, and manages solutions that combine hardware, software, and services to help businesses. Additionally, the company sources, procures, stages, configures, integrates, tests, refurbishes, and redeploys IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty services. It serves construction technology, enterprise business, financial services, health care and life sciences, manufacturing technology, retails and restaurants, service providers, small to medium business, and travel and tourism industries. The company was founded in 1988 and is headquartered in Chandler, Arizona.