Insight Enterprises (NASDAQ:NSIT) Given Outperform Rating at Barrington Research

Barrington Research restated their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research note issued to investors on Monday,Benzinga reports. They currently have a $164.00 target price on the software maker’s stock.

Separately, JPMorgan Chase & Co. boosted their target price on Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Insight Enterprises presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $122.35 on Monday. Insight Enterprises has a 12 month low of $115.68 and a 12 month high of $225.38. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 1.14 and a beta of 1.16. The stock’s 50 day moving average price is $132.13 and its 200 day moving average price is $136.90. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the previous year, the firm earned $2.46 EPS. Insight Enterprises’s revenue for the quarter was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Equities research analysts anticipate that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fiduciary Management Inc. WI grew its holdings in shares of Insight Enterprises by 17.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker’s stock valued at $142,377,000 after acquiring an additional 138,914 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Insight Enterprises by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 674,234 shares of the software maker’s stock valued at $93,112,000 after acquiring an additional 19,812 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Insight Enterprises by 48.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after acquiring an additional 181,104 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Insight Enterprises by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker’s stock valued at $55,272,000 after acquiring an additional 3,866 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Insight Enterprises during the 2nd quarter valued at $46,972,000.

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.