Redburn Atlantic Begins Coverage on Insight Enterprises (NASDAQ:NSIT)

Redburn Atlantic began coverage on shares of Insight Enterprises (NASDAQ:NSIT) in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage issued a buy rating and a $220.00 target price on the software maker’s stock.

Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. dropped their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barrington Research lowered their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Price Performance

NSIT traded down $1.13 on Friday, reaching $151.50. The company had a trading volume of 467,423 shares, compared to its average volume of 240,338. Insight Enterprises has a 52-week low of $147.28 and a 52-week high of $228.07. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.38 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The business has a 50 day simple moving average of $201.83 and a 200 day simple moving average of $202.38.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 earnings per share. As a group, sell-side analysts anticipate that Insight Enterprises will post 9.55 EPS for the current year.

Insider Buying and Selling

In other news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. This trade represents a 11.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Insight Enterprises during the second quarter valued at about $38,000. EntryPoint Capital LLC purchased a new stake in Insight Enterprises in the 1st quarter worth approximately $89,000. GAMMA Investing LLC grew its position in shares of Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock worth $90,000 after buying an additional 164 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after buying an additional 154 shares during the period. Finally, First Foundation Advisors purchased a new position in shares of Insight Enterprises during the first quarter valued at approximately $195,000.

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.