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

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

Separately, JPMorgan Chase & Co. decreased their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Insight Enterprises currently has an average rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Down 0.9%

Shares of NSIT stock traded down $1.24 on Tuesday, reaching $132.08. 187,069 shares of the company were exchanged, compared to its average volume of 324,636. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The company has a 50-day moving average of $138.81 and a 200-day moving average of $152.61. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.40 and a beta of 1.22. Insight Enterprises has a one year low of $126.10 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business's revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.37 earnings per share. Analysts anticipate that Insight Enterprises will post 9.89 earnings per share for the current year.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Baron Wealth Management LLC boosted its holdings in shares of Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock valued at $239,000 after buying an additional 58 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. J.Safra Asset Management Corp lifted its holdings in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. Cornerstone Investment Partners LLC lifted its holdings in shares of Insight Enterprises by 5.8% during the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock valued at $209,000 after purchasing an additional 75 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares in 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.