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

Insight Enterprises (NASDAQ:NSIT - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They currently have a $164.00 target price on the software maker's stock. Barrington Research's target price would suggest a potential upside of 13.13% from the stock's previous close.

Separately, JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th.

Insight Enterprises Price Performance

NSIT stock traded down $1.21 during mid-day trading on Monday, hitting $144.96. 31,006 shares of the stock were exchanged, compared to its average volume of 357,258. The business has a fifty day moving average price of $136.51 and a 200 day moving average price of $146.75. Insight Enterprises has a 12 month low of $126.10 and a 12 month high of $228.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 1.31 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The business's quarterly revenue was down 11.6% on a year-over-year basis. During the same period last year, the business earned $2.37 earnings per share. On average, sell-side analysts anticipate that Insight Enterprises will post 9.89 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises in the first quarter worth about $27,000. Bessemer Group Inc. raised its stake in shares of Insight Enterprises by 79.2% in the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after acquiring an additional 63 shares during the period. Parallel Advisors LLC boosted its holdings in Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its position in Insight Enterprises by 100.5% during the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock valued at $63,000 after acquiring an additional 210 shares during the last quarter.

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.