Insight Enterprises (NASDAQ:NSIT) Receives "Outperform" Rating from Barrington Research

Key Points

• Barrington Research has reaffirmed its "outperform" rating for Insight Enterprises (NASDAQ:NSIT) with a target price of $164.00, indicating a potential upside of 32.18% from its current stock price.
• JPMorgan Chase & Co. has raised its target price for Insight Enterprises from $152.00 to $165.00, while maintaining a "neutral" rating.
• Insight Enterprises reported a net margin of 1.79% and a revenue decrease of 3.3% year-over-year for its latest quarter, missing earnings expectations with $2.45 EPS.

Insight Enterprises (NASDAQ:NSIT - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Barrington Research in a research note issued on Monday,Benzinga reports. They currently have a $164.00 price target on the software maker's stock. Barrington Research's price target would indicate a potential upside of 37.16% from the stock's previous close.

Separately, JPMorgan Chase & Co. boosted their price objective on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Insight Enterprises Stock Performance

NASDAQ NSIT traded down $0.57 on Monday, reaching $119.57. The stock had a trading volume of 356,945 shares, compared to its average volume of 359,199. The business's 50-day moving average price is $130.64 and its 200 day moving average price is $136.46. The stock has a market cap of $3.76 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 1.10 and a beta of 1.16. Insight Enterprises has a 12-month low of $115.68 and a 12-month high of $225.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.26 and a current ratio of 1.29.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same period in the previous year, the business posted $2.46 earnings per share. The company's revenue for the quarter was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, equities analysts expect that Insight Enterprises will post 9.89 earnings per share for the current year.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC purchased a new position in shares of Insight Enterprises during the 1st quarter worth approximately $27,000. Bessemer Group Inc. grew its holdings in Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after buying an additional 84 shares during the last quarter. Parallel Advisors LLC increased its position in Insight Enterprises by 40.4% during the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after buying an additional 95 shares in the last quarter. MTM Investment Management LLC acquired a new position in shares of Insight Enterprises in the second quarter worth $55,000. Finally, Golden State Wealth Management LLC lifted its position in shares of Insight Enterprises by 100.5% in 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 in 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.