Insight Enterprises (NASDAQ:NSIT) Earns “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research report report published on Tuesday, Benzinga reports. Barrington Research currently has a $211.00 price target on the software maker’s stock.

NSIT has been the topic of a number of other research reports. Stifel Nicolaus lifted their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a hold rating in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their price objective on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Finally, StockNews.com lowered shares of Insight Enterprises from a buy rating to a hold rating in a research note on Friday, January 26th.

Insight Enterprises Stock Performance

Shares of NSIT opened at $186.27 on Tuesday. Insight Enterprises has a one year low of $117.99 and a one year high of $194.57. The company has a market cap of $6.06 billion, a PE ratio of 24.67, a P/E/G ratio of 1.33 and a beta of 1.51. 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 stock has a 50-day moving average of $184.78 and a 200-day moving average of $172.47.

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

Insider Activity at Insight Enterprises

In other news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the transaction, the director now directly owns 5,800 shares in the company, valued at approximately $1,073,696. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,918 shares of company stock worth $3,888,203. Corporate insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NSIT. GAMMA Investing LLC purchased a new position in shares of Insight Enterprises during the 4th quarter valued at $40,000. SRS Capital Advisors Inc. bought a new stake in shares of Insight Enterprises during the 4th quarter worth $46,000. Signaturefd LLC lifted its holdings in shares of Insight Enterprises by 26.9% during the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after acquiring an additional 83 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 182.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker’s stock worth $71,000 after acquiring an additional 314 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new stake in shares of Insight Enterprises during the 4th quarter worth $89,000.

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.