Barrington Research Reaffirms "Outperform" Rating for Insight Enterprises (NASDAQ:NSIT)

Insight Enterprises (NASDAQ:NSIT - Get Free Report)'s stock had its "outperform" rating restated by equities researchers at Barrington Research in a report released on Monday,Benzinga reports. They currently have a $164.00 price target on the software maker's stock. Barrington Research's price objective indicates a potential upside of 17.66% from the company's current price.

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

Insight Enterprises Trading Down 1.3%

Shares of NASDAQ:NSIT opened at $139.39 on Monday. The stock has a 50 day moving average of $136.16 and a 200 day moving average of $146.85. The company has a market cap of $4.45 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Insight Enterprises has a 12-month low of $126.10 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 EPS. As a group, equities research analysts expect that Insight Enterprises will post 9.89 EPS for the current year.

Institutional Trading of Insight Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in NSIT. Raymond James Financial Inc. bought a new stake in shares of Insight Enterprises during the fourth quarter worth $532,000. HighTower Advisors LLC increased its stake in shares of Insight Enterprises by 7.0% during the fourth quarter. HighTower Advisors LLC now owns 5,838 shares of the software maker's stock valued at $888,000 after buying an additional 383 shares during the period. Cibc World Markets Corp purchased a new position in shares of Insight Enterprises during the fourth quarter valued at $387,000. Xponance Inc. increased its stake in shares of Insight Enterprises by 9.0% during the fourth quarter. Xponance Inc. now owns 2,184 shares of the software maker's stock valued at $332,000 after buying an additional 181 shares during the period. Finally, Teacher Retirement System of Texas increased its stake in shares of Insight Enterprises by 15.5% during the fourth quarter. Teacher Retirement System of Texas now owns 9,642 shares of the software maker's stock valued at $1,467,000 after buying an additional 1,295 shares during the period.

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.

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