Insight Enterprises’ (NSIT) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reissued their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research note published on Friday, Benzinga reports. The brokerage currently has a $225.00 target price on the software maker’s stock.

A number of other brokerages have also issued reports on NSIT. JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a neutral rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus raised 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. 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 Trading Down 1.2 %

Shares of NSIT stock opened at $211.23 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19. The firm has a market cap of $6.88 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. The company has a 50-day moving average of $206.74 and a two-hundred day moving average of $198.26. Insight Enterprises has a 1-year low of $139.34 and a 1-year 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 the consensus estimate of $2.82 by ($0.36). The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.56 EPS. On average, analysts predict that Insight Enterprises will post 10.68 EPS for the current year.

Insider Activity at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.23% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Insight Enterprises during the 1st quarter valued at approximately $89,000. Blue Trust Inc. raised its position in shares of Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares in the last quarter. Finally, First Foundation Advisors acquired a new stake in shares of Insight Enterprises during the 1st quarter valued at approximately $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.