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

Barrington Research reissued their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research note issued to investors on Tuesday morning, Benzinga reports. Barrington Research currently has a $211.00 target price on the software maker’s stock.

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

Insight Enterprises Price Performance

Shares of NSIT stock opened at $186.27 on Tuesday. The stock has a 50 day moving average of $184.78 and a two-hundred day moving average of $172.47. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Insight Enterprises has a 12 month low of $117.99 and a 12 month high of $194.57. The company has a market capitalization of $6.06 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.33 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the business posted $2.53 EPS. Insight Enterprises’s revenue was down 10.7% compared to the same quarter last year. As a group, equities analysts expect that Insight Enterprises will post 10.59 EPS for the current year.

Insider Activity

In other news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the sale, the insider now directly owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the transaction, the chief accounting officer now directly owns 4,436 shares in the company, valued at $810,324.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, 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. In the last ninety days, insiders sold 20,918 shares of company stock valued at $3,888,203. Company insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSIT. Ronald Blue Trust Inc. lifted its holdings 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 acquiring an additional 314 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Insight Enterprises in the third quarter valued at about $2,545,000. GHP Investment Advisors Inc. lifted its holdings in shares of Insight Enterprises by 1.6% in the third quarter. GHP Investment Advisors Inc. now owns 33,885 shares of the software maker’s stock valued at $4,998,000 after purchasing an additional 548 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Insight Enterprises in the third quarter valued at about $1,385,000. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Insight Enterprises by 34.2% in the third quarter. Handelsbanken Fonder AB now owns 3,530 shares of the software maker’s stock valued at $514,000 after purchasing an additional 900 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.