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

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “outperform” rating reissued by research analysts at Barrington Research in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $164.00 price target on the software maker’s stock. Barrington Research’s price target points to a potential upside of 22.90% from the stock’s previous close.

Separately, JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $185.00.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $133.44 on Tuesday. The business has a 50-day moving average of $139.71 and a two-hundred day moving average of $153.28. The firm has a market capitalization of $4.26 billion, a PE ratio of 20.47, a P/E/G ratio of 1.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises has a 12 month low of $126.10 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.03. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior year, the company earned $2.37 EPS. The company’s revenue was down 11.6% on a year-over-year basis. As a group, research analysts forecast that Insight Enterprises will post 9.89 earnings per share for the current year.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors have recently modified their holdings of NSIT. Alberta Investment Management Corp bought a new stake in Insight Enterprises in the fourth quarter valued at about $2,494,000. Raymond James Financial Inc. bought a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $532,000. Principal Financial Group Inc. raised its position in shares of Insight Enterprises by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock valued at $21,833,000 after acquiring an additional 1,653 shares in the last quarter. Rhumbline Advisers raised its position in shares of Insight Enterprises by 2.4% during the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock valued at $12,502,000 after acquiring an additional 1,925 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new position in Insight Enterprises during the fourth quarter worth $449,000.

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.