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

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research note issued to investors on Tuesday, Benzinga reports. They presently have a $211.00 target price on the software maker’s stock. Barrington Research’s target price would suggest a potential upside of 14.45% from the stock’s current price.

A number of other equities analysts also recently commented on NSIT. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research note on Monday, April 15th.

Insight Enterprises Stock Down 1.0 %

Shares of Insight Enterprises stock opened at $184.36 on Tuesday. The business has a 50-day moving average of $184.72 and a 200-day moving average of $172.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The company has a market capitalization of $6.00 billion, a PE ratio of 24.42, a P/E/G ratio of 1.33 and a beta of 1.51. Insight Enterprises has a 1-year low of $117.99 and a 1-year high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.06). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The firm’s revenue was down 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.53 earnings per share. As a group, equities analysts forecast that Insight Enterprises will post 10.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total value of $337,939.50. Following the transaction, the chief accounting officer now owns 4,436 shares of the company’s stock, valued at $810,324.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the sale, the chief accounting officer now owns 4,436 shares of the company’s stock, valued at $810,324.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard E. Allen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total value of $1,853,400.00. Following the sale, the director now directly owns 30,647 shares in the company, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. Insiders have sold 20,918 shares of company stock valued at $3,888,203 over the last quarter. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC increased its stake in shares of Insight Enterprises by 22.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock valued at $859,000 after acquiring an additional 1,093 shares during the period. Vanguard Group Inc. increased its stake in shares of Insight Enterprises by 6.4% during the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after acquiring an additional 245,814 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Insight Enterprises by 3.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after acquiring an additional 23,085 shares during the period. 13D Management LLC increased its stake in shares of Insight Enterprises by 11.6% during the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after acquiring an additional 8,721 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Insight Enterprises by 53.1% during the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after acquiring an additional 247,049 shares during the period.

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.