Insight Enterprises’ (NSIT) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research note released on Friday morning, Benzinga reports. The brokerage currently has a $225.00 price target on the software maker’s stock.

Other equities research analysts have also issued reports about the company. Stifel Nicolaus raised their price objective 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. reduced their price target on Insight Enterprises from $233.00 to $225.00 and set a neutral rating for the company in a report on Friday, August 2nd. Finally, StockNews.com lowered Insight Enterprises from a buy rating to a hold rating in a report on Friday, July 5th.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $211.23 on Friday. The business’s 50-day moving average price is $206.74 and its 200 day moving average price is $198.26. The firm has a market cap of $6.88 billion, a P/E ratio of 26.57, a PEG ratio of 1.54 and a beta of 1.46. Insight Enterprises has a 52-week low of $139.34 and a 52-week high of $228.07. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.56 EPS. As a group, sell-side analysts predict that Insight Enterprises will post 10.68 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jennifer M. Vasin sold 739 shares of the business’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 value of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NSIT. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises during the 2nd quarter worth $38,000. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the last quarter. EntryPoint Capital LLC bought a new stake in shares of Insight Enterprises during the 1st quarter valued at $89,000. Blue Trust Inc. raised its position in shares of Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares during the last quarter. Finally, First Foundation Advisors bought a new stake in shares of Insight Enterprises during the 1st quarter valued at $195,000.

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.