Barrington Research Reaffirms “Outperform” Rating for Insight Enterprises (NASDAQ:NSIT)

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Barrington Research in a research note issued to investors on Monday,Benzinga reports. They currently have a $120.00 price objective on the software maker’s stock. Barrington Research’s price target suggests a potential upside of 41.76% from the stock’s current price.

Several other research firms also recently weighed in on NSIT. JPMorgan Chase & Co. restated an “underweight” rating and set a $90.00 price target (down previously from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Wall Street Zen cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Canaccord Genuity Group began coverage on Insight Enterprises in a research note on Wednesday, November 19th. They issued a “hold” rating and a $100.00 price target on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $103.33.

Insight Enterprises Stock Performance

Shares of NSIT traded up $0.69 during trading hours on Monday, hitting $84.65. The stock had a trading volume of 78,552 shares, compared to its average volume of 239,337. The firm has a 50-day moving average price of $87.40 and a 200 day moving average price of $112.78. Insight Enterprises has a fifty-two week low of $77.10 and a fifty-two week high of $181.92. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 0.40 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.27 and a current ratio of 1.30.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.06). The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a net margin of 1.72% and a return on equity of 19.20%. Insight Enterprises’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.19 EPS. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, research analysts anticipate that Insight Enterprises will post 9.89 EPS for the current year.

Institutional Trading of Insight Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Insight Enterprises in the third quarter valued at approximately $48,000. MTM Investment Management LLC acquired a new stake in shares of Insight Enterprises in the second quarter valued at $55,000. Covestor Ltd raised its holdings in shares of Insight Enterprises by 24.3% in the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock valued at $75,000 after buying an additional 130 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Insight Enterprises by 26.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after acquiring an additional 160 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Insight Enterprises during the 3rd quarter valued at about $116,000.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.