Insight Enterprises (NASDAQ:NSIT) Price Target Cut to $146.00

Insight Enterprises (NASDAQ:NSIT – Get Rating) had its target price decreased by stock analysts at Barrington Research from $150.00 to $146.00 in a research note issued to investors on Monday, The Fly reports. Barrington Research’s target price would indicate a potential upside of 17.95% from the stock’s previous close.

Several other analysts have also recently issued reports on the stock. Sidoti reaffirmed a “neutral” rating and set a $127.00 price objective on shares of Insight Enterprises in a research note on Monday, February 6th. StockNews.com began coverage on Insight Enterprises in a report on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Stifel Nicolaus lowered their price objective on shares of Insight Enterprises from $150.00 to $140.00 and set a “hold” rating on the stock in a research report on Friday, April 21st. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $127.75.

Insight Enterprises Stock Down 0.2 %

Shares of NSIT opened at $123.78 on Monday. The company has a current ratio of 1.30, a quick ratio of 1.21 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $134.03 and a 200-day moving average price of $116.32. The firm has a market capitalization of $4.12 billion, a P/E ratio of 16.57, a P/E/G ratio of 1.05 and a beta of 1.56. Insight Enterprises has a 12-month low of $81.11 and a 12-month high of $144.84.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last released its earnings results on Tuesday, May 2nd. The software maker reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.06). The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.57 billion. Insight Enterprises had a return on equity of 19.77% and a net margin of 2.71%. The firm’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.81 EPS. Equities research analysts expect that Insight Enterprises will post 9.88 earnings per share for the current year.

Insider Buying and Selling at Insight Enterprises

In related news, Director Holdings L.P. Valueact acquired 400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The shares were acquired at an average price of $129.95 per share, with a total value of $51,980.00. Following the completion of the purchase, the director now directly owns 4,511,116 shares in the company, valued at $586,219,524.20. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have bought 60,663 shares of company stock valued at $7,759,175. Insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its stake in shares of Insight Enterprises by 14.3% during the first quarter. Raymond James & Associates now owns 3,020 shares of the software maker’s stock worth $324,000 after purchasing an additional 377 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in Insight Enterprises during the first quarter valued at about $410,000. Bank of Montreal Can boosted its stake in shares of Insight Enterprises by 7.6% during the 1st quarter. Bank of Montreal Can now owns 11,631 shares of the software maker’s stock worth $1,268,000 after acquiring an additional 826 shares in the last quarter. MetLife Investment Management LLC grew its position in Insight Enterprises by 54.0% during the 1st quarter. MetLife Investment Management LLC now owns 18,092 shares of the software maker’s stock worth $1,942,000 after purchasing an additional 6,347 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Insight Enterprises by 2.5% during the first quarter. Rhumbline Advisers now owns 101,604 shares of the software maker’s stock valued at $10,904,000 after purchasing an additional 2,524 shares in the last quarter.

Insight Enterprises Company Profile

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Insight Enterprises, Inc is a global provider of information technology, services, and cloud solutions to worldwide enterprises, governments, schools, and healthcare organizations. It helps businesses define, architect, implement, and manage Intelligent Technology Solutions in North America, Europe, the Middle East, Africa, and Asia-Pacific.