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

Barrington Research reaffirmed their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research report report published on Tuesday,Benzinga reports. The firm currently has a $164.00 target price on the software maker’s stock.

Separately, JPMorgan Chase & Co. reduced their price objective on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $185.00.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $136.34 on Tuesday. The company has a market cap of $4.35 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.40 and a beta of 1.22. Insight Enterprises has a 52-week low of $126.10 and a 52-week high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The firm’s fifty day moving average is $140.07 and its two-hundred day moving average is $153.42.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The business’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.37 earnings per share. As a group, analysts anticipate that Insight Enterprises will post 9.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

Institutional investors and hedge funds have recently made changes to their positions in the business. Massachusetts Financial Services Co. MA purchased a new position in Insight Enterprises in the fourth quarter worth about $57,380,000. Norges Bank bought a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $47,585,000. Pacer Advisors Inc. boosted its holdings in shares of Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock worth $163,243,000 after purchasing an additional 225,283 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Insight Enterprises by 42,674.8% in the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker’s stock worth $259,840,000 after purchasing an additional 172,833 shares during the period. Finally, Fiduciary Management Inc. WI increased its position 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 purchasing an additional 138,914 shares during the last quarter.

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.