Insider Selling: Insight Enterprises, Inc. (NASDAQ:NSIT) Insider Sells 739 Shares of Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $1,124,923.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Insight Enterprises Trading Up 2.0 %

NASDAQ:NSIT traded up $4.08 on Wednesday, reaching $208.60. The stock had a trading volume of 131,740 shares, compared to its average volume of 222,751. The company has a market cap of $6.79 billion, a price-to-earnings ratio of 25.96, a P/E/G ratio of 1.53 and a beta of 1.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.22. The firm’s fifty day moving average is $202.54 and its two-hundred day moving average is $194.42. Insight Enterprises, Inc. has a 12-month low of $139.34 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.47 billion. During the same period in the prior year, the company earned $2.56 EPS. The company’s revenue was down 8.0% compared to the same quarter last year. Equities analysts expect that Insight Enterprises, Inc. will post 10.76 EPS for the current fiscal year.

Institutional Trading of Insight Enterprises

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors boosted its holdings in Insight Enterprises by 27.8% in the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock worth $398,700,000 after acquiring an additional 467,088 shares during the period. Norges Bank purchased a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $58,687,000. Capital Research Global Investors lifted its stake in Insight Enterprises by 54.9% during the first 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 during the last quarter. Westfield Capital Management Co. LP bought a new position in Insight Enterprises during the fourth quarter worth $56,128,000. Finally, Capital International Investors bought a new position in Insight Enterprises during the first quarter worth $33,765,000.

Analyst Ratings Changes

Several research firms have recently commented on NSIT. JPMorgan Chase & Co. lowered their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of 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 restated an “outperform” rating and set a $225.00 target price on shares of Insight Enterprises in a research report on Monday, August 5th. Finally, StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th.

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.