Insight Enterprises (NASDAQ:NSIT) Price Target Lowered to $205.00 at Barrington Research

Insight Enterprises (NASDAQ:NSIT) had its price target lowered by equities researchers at Barrington Research from $225.00 to $205.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “outperform” rating on the software maker’s stock. Barrington Research’s price target would suggest a potential upside of 19.23% from the stock’s current price.

Several other equities analysts have also recently commented on the company. Stifel Nicolaus boosted their target price on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. cut their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Insight Enterprises Stock Performance

Insight Enterprises stock traded down $0.27 during mid-day trading on Monday, reaching $171.94. 254,385 shares of the company’s stock were exchanged, compared to its average volume of 226,982. The firm has a market capitalization of $5.60 billion, a PE ratio of 21.63, a P/E/G ratio of 1.37 and a beta of 1.48. The business’s fifty day simple moving average is $210.88 and its 200 day simple moving average is $203.95. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Insight Enterprises has a one year low of $141.73 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, sell-side analysts expect that Insight Enterprises will post 10.67 earnings per share for the current year.

Insider Transactions at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.23% of the company’s stock.

Institutional Trading of Insight Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of NSIT. CANADA LIFE ASSURANCE Co lifted its position in Insight Enterprises by 17.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock valued at $5,050,000 after purchasing an additional 3,956 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in Insight Enterprises by 288.2% during the second quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock valued at $2,834,000 after purchasing an additional 10,608 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Insight Enterprises during the second quarter valued at $682,000. Silver Lake Advisory LLC purchased a new position in Insight Enterprises during the second quarter valued at $6,343,000. Finally, Capital International Investors purchased a new position in shares of Insight Enterprises in the first quarter valued at about $33,765,000.

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.