Insight Enterprises (NASDAQ:NSIT) Sees Strong Trading Volume – Time to Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) saw an uptick in trading volume on Wednesday . 732,156 shares were traded during trading, an increase of 232% from the previous session’s volume of 220,640 shares.The stock last traded at $223.80 and had previously closed at $221.73.

Analysts Set New Price Targets

NSIT has been the topic of a number of research analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $225.00 price target on shares of Insight Enterprises in a report on Friday, September 20th. Stifel Nicolaus lifted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th.

Insight Enterprises Trading Up 1.4 %

The stock’s fifty day simple moving average is $205.63 and its 200 day simple moving average is $200.53. The firm has a market capitalization of $7.32 billion, a PE ratio of 27.89, a PEG ratio of 1.65 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter last year, the firm posted $2.56 earnings per share. Insight Enterprises’s revenue for the quarter was down 8.0% on a year-over-year basis. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share 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 that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

Several large investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in Insight Enterprises during the second quarter worth approximately $38,000. GAMMA Investing LLC increased its position in Insight Enterprises by 32.7% during the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Insight Enterprises in the first quarter valued at $89,000. Blue Trust Inc. raised its stake in shares of Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares during the period. Finally, First Foundation Advisors bought a new stake in shares of Insight Enterprises in the 1st quarter worth about $195,000.

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.