Barrington Research Cuts Insight Enterprises (NASDAQ:NSIT) Price Target to $205.00

Insight Enterprises (NASDAQ:NSIT) had its price objective reduced by Barrington Research from $225.00 to $205.00 in a research note released on Monday,Benzinga reports. Barrington Research currently has an outperform rating on the software maker’s stock. Barrington Research also issued estimates for Insight Enterprises’ Q4 2024 earnings at $2.53 EPS, FY2024 earnings at $9.55 EPS and FY2025 earnings at $10.89 EPS.

NSIT has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus boosted their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $172.08 on Monday. The stock has a market capitalization of $5.47 billion, a PE ratio of 21.65, a P/E/G ratio of 1.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The business has a fifty day moving average price of $207.46 and a two-hundred day moving average price of $203.36. Insight Enterprises has a fifty-two week low of $141.73 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $2.37 EPS. As a group, equities analysts predict that Insight Enterprises will post 9.54 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.23% of the company’s stock.

Institutional Trading of Insight Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co lifted its position in Insight Enterprises by 17.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock valued at $5,050,000 after buying an additional 3,956 shares during the period. Harbor Capital Advisors Inc. lifted its position in Insight Enterprises by 288.2% during the second quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock valued at $2,834,000 after buying an additional 10,608 shares during the period. Point72 DIFC Ltd purchased a new position in Insight Enterprises during the second quarter valued at $682,000. Silver Lake Advisory LLC bought a new position in shares of Insight Enterprises during the second quarter valued at $6,343,000. Finally, Capital International Investors bought a new position in shares of Insight Enterprises during the first quarter valued at $33,765,000.

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.