Insight Enterprises (NASDAQ:NSIT) Earns “Outperform” Rating from Barrington Research

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “outperform” rating reiterated by Barrington Research in a report issued on Tuesday,Benzinga reports. They presently have a $120.00 price target on the software maker’s stock. Barrington Research’s price target would indicate a potential upside of 42.53% from the stock’s current price.

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

Insight Enterprises Stock Up 0.4%

Shares of NASDAQ NSIT opened at $84.19 on Tuesday. Insight Enterprises has a 1 year low of $77.10 and a 1 year high of $181.92. The firm has a 50-day simple moving average of $83.72 and a two-hundred day simple moving average of $106.03. The company has a market cap of $2.61 billion, a P/E ratio of 19.62, a PEG ratio of 0.40 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.30 and a quick ratio of 1.27.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.15 billion. During the same quarter in the previous year, the company posted $2.19 earnings per share. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. Research analysts anticipate that Insight Enterprises will post 9.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC boosted its holdings in 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 last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Insight Enterprises in the 3rd quarter valued at about $48,000. MTM Investment Management LLC purchased a new stake in shares of Insight Enterprises in the second quarter worth about $55,000. Covestor Ltd grew its holdings in Insight Enterprises by 24.3% during the third quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after acquiring an additional 130 shares during the period. Finally, KBC Group NV raised its position in Insight Enterprises by 47.0% during the fourth quarter. KBC Group NV now owns 1,101 shares of the software maker’s stock valued at $90,000 after acquiring an additional 352 shares in 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.