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

Barrington Research reaffirmed their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research report sent to investors on Tuesday,Benzinga reports. They currently have a $120.00 price target on the software maker’s stock.

NSIT has been the topic of a number of other reports. Canaccord Genuity Group started coverage on Insight Enterprises in a research note on Wednesday, November 19th. They set a “hold” rating and a $100.00 price target on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Finally, Weiss Ratings lowered shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Reduce” and an average price target of $103.33.

Insight Enterprises Stock Up 0.7%

Shares of NASDAQ NSIT opened at $83.82 on Tuesday. The company has a market capitalization of $2.60 billion, a P/E ratio of 19.54, a P/E/G ratio of 0.40 and a beta of 0.93. Insight Enterprises has a 1 year low of $77.10 and a 1 year high of $181.92. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.27. The company has a 50 day simple moving average of $83.71 and a 200-day simple moving average of $106.19.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, October 30th. The software maker reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a net margin of 1.72% and a return on equity of 19.20%. Insight Enterprises’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.19 EPS. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, equities research analysts predict 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 added to or reduced their stakes in NSIT. CWM LLC lifted its stake in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after purchasing an additional 149 shares during the period. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Insight Enterprises during the 3rd quarter worth about $48,000. MTM Investment Management LLC acquired a new position in Insight Enterprises in the 2nd quarter valued at about $55,000. Covestor Ltd lifted its holdings in Insight Enterprises by 24.3% in the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock valued at $75,000 after purchasing an additional 130 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Insight Enterprises by 47.0% during the 4th quarter. KBC Group NV now owns 1,101 shares of the software maker’s stock worth $90,000 after purchasing an additional 352 shares during the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.