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

Barrington Research reiterated their outperform rating on shares of Insight Enterprises (NASDAQ:NSITFree Report) in a research note released on Tuesday, Benzinga reports. Barrington Research currently has a $211.00 price objective on the software maker’s stock.

A number of other equities analysts have also recently commented on NSIT. Stifel Nicolaus lifted their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a hold rating in a report on Monday, April 15th. StockNews.com cut Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th. Finally, JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $188.00 to $193.00 and gave the stock a neutral rating in a report on Thursday, April 11th.

View Our Latest Report on Insight Enterprises

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $182.57 on Tuesday. The stock has a market capitalization of $5.94 billion, a PE ratio of 24.18, a P/E/G ratio of 1.34 and a beta of 1.51. The business has a 50 day simple moving average of $184.55 and a two-hundred day simple moving average of $172.85. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. Insight Enterprises has a 1-year low of $117.99 and a 1-year high of $194.57.

Insight Enterprises (NASDAQ:NSITGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.06). The firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The business’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.53 EPS. On average, research analysts predict that Insight Enterprises will post 10.59 EPS for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the sale, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Samuel C. Cowley sold 7,278 shares of the business’s 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 transaction, 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 filing with the SEC, which is available at this hyperlink. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at $810,324.12. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock valued at $3,888,203 in the last ninety days. Corporate insiders own 1.23% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Verdence Capital Advisors LLC bought a new position in shares of Insight Enterprises in the 1st quarter worth $210,000. Shaker Investments LLC OH bought a new position in shares of Insight Enterprises in the 1st quarter worth $547,000. Allspring Global Investments Holdings LLC grew its stake in Insight Enterprises by 21.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 32,230 shares of the software maker’s stock worth $5,979,000 after buying an additional 5,593 shares during the last quarter. Chatham Capital Group Inc. grew its stake in Insight Enterprises by 12.3% during the 1st quarter. Chatham Capital Group Inc. now owns 27,771 shares of the software maker’s stock worth $5,152,000 after buying an additional 3,035 shares during the last quarter. Finally, Guidance Capital Inc. purchased a new position in Insight Enterprises during the 1st quarter worth $434,000.

Insight Enterprises Company Profile

(Get Free Report)

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.

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