Barrington Research Reiterates Outperform Rating for Insight Enterprises (NASDAQ:NSIT)

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a report released on Friday, Benzinga reports. They presently have a $225.00 price objective on the software maker’s stock. Barrington Research’s price target points to a potential upside of 4.82% from the stock’s current price.

NSIT has been the subject of a number of other reports. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Stifel Nicolaus boosted their price target 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, JPMorgan Chase & Co. reduced 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 report on Friday, August 2nd.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT traded up $1.58 during trading on Friday, reaching $214.66. The stock had a trading volume of 63,462 shares, compared to its average volume of 222,226. The firm’s 50 day moving average price is $206.47 and its two-hundred day moving average price is $197.76. Insight Enterprises has a one year low of $139.34 and a one year high of $228.07. The stock has a market cap of $6.99 billion, a PE ratio of 27.00, a P/E/G ratio of 1.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.36). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.56 earnings per share. On average, research analysts forecast that Insight Enterprises will post 10.68 earnings per share for the current fiscal year.

Insider Activity

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the business’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 in the company, valued at approximately $1,124,923.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.23% of the stock is currently owned by company insiders.

Institutional Trading of Insight Enterprises

Several large investors have recently added to or reduced their stakes in NSIT. CANADA LIFE ASSURANCE Co grew its stake in shares of Insight Enterprises by 17.0% in the 1st 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 in the last quarter. Prudential PLC bought a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $1,394,000. Harbor Capital Advisors Inc. grew its stake in shares of Insight Enterprises by 288.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock valued at $2,834,000 after purchasing an additional 10,608 shares during the period. Norges Bank acquired a new position in shares of Insight Enterprises in the 4th quarter worth approximately $58,687,000. Finally, Silver Lake Advisory LLC bought a new position in shares of Insight Enterprises during the 2nd quarter worth approximately $6,343,000.

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.