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

Insight Enterprises (NASDAQ:NSIT - Get Free Report)'s stock had its "outperform" rating reissued by equities researchers at Barrington Research in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $211.00 target price on the software maker's stock. Barrington Research's target price indicates a potential upside of 13.28% from the company's current price.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Insight Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Finally, Stifel Nicolaus increased their price objective on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a "hold" rating in a research report on Monday, April 15th.

Insight Enterprises Stock Performance

NASDAQ NSIT traded up $3.30 on Tuesday, hitting $186.27. 251,798 shares of the stock were exchanged, compared to its average volume of 237,255. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The business's fifty day moving average is $184.78 and its 200 day moving average is $172.47. Insight Enterprises has a 52 week low of $117.99 and a 52 week high of $194.57. The company has a market capitalization of $6.06 billion, a PE ratio of 24.69, a P/E/G ratio of 1.33 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The firm had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company posted $2.53 earnings per share. The business's revenue was down 10.7% compared to the same quarter last year. Research analysts anticipate that Insight Enterprises will post 10.59 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard E. Allen sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the transaction, the director now directly owns 30,647 shares of the company's stock, valued at $5,680,114.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Richard E. Allen sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the transaction, the director now directly owns 30,647 shares of the company's stock, valued at $5,680,114.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the sale, the insider now owns 23,009 shares in the company, valued at $4,316,948.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is owned by company insiders.

Institutional Investors Weigh In On Insight Enterprises

A number of large investors have recently bought and sold shares of NSIT. GAMMA Investing LLC acquired a new stake in Insight Enterprises during the fourth quarter worth about $40,000. SRS Capital Advisors Inc. acquired a new stake in Insight Enterprises during the fourth quarter worth about $46,000. Signaturefd LLC grew its stake in Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker's stock worth $69,000 after buying an additional 83 shares in the last quarter. Ronald Blue Trust Inc. grew its stake in Insight Enterprises by 182.6% during the third quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker's stock worth $71,000 after buying an additional 314 shares in the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at approximately $89,000.

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.