Insight Enterprises’ (NSIT) “Outperform” Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a report released on Tuesday, Benzinga reports. Barrington Research currently has a $211.00 target price on the software maker’s stock.

Several other research firms have also recently issued reports on NSIT. 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 note on Thursday, April 11th. Stifel Nicolaus raised their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a hold rating in a research note on Monday, April 15th. Finally, StockNews.com cut Insight Enterprises from a buy rating to a hold rating in a research note on Friday, January 26th.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $182.57 on Tuesday. Insight Enterprises has a one year low of $117.99 and a one year high of $194.57. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.34 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The business’s 50 day moving average price is $184.55 and its 200 day moving average price is $172.85.

Insight Enterprises (NASDAQ:NSIT) last posted its 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). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. Insight Enterprises’s revenue was down 10.7% compared to the same quarter last year. During the same period last year, the business earned $2.53 EPS. On average, research analysts predict that Insight Enterprises will post 10.59 EPS for the current year.

Insider Activity

In other news, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the sale, the director now directly owns 5,800 shares of the company’s stock, valued at $1,073,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Richard E. Allen sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the transaction, the director now directly owns 30,647 shares of the company’s stock, valued at approximately $5,680,114.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kathleen S. Pushor sold 1,790 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the transaction, the director now directly owns 5,800 shares of the company’s stock, valued at $1,073,696. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in Insight Enterprises by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after purchasing an additional 245,814 shares in the last quarter. Capital World Investors grew its stake in Insight Enterprises by 3.5% during the 4th quarter. Capital World Investors now owns 1,682,004 shares of the software maker’s stock worth $298,034,000 after purchasing an additional 56,715 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in Insight Enterprises by 2.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 791,752 shares of the software maker’s stock worth $140,291,000 after buying an additional 21,501 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Insight Enterprises by 53.1% during the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after buying an additional 247,049 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Insight Enterprises by 3.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock worth $112,577,000 after buying an additional 23,085 shares during 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.