Insight Enterprises (NASDAQ:NSIT) Price Target Cut to $205.00 by Analysts at Barrington Research

Insight Enterprises (NASDAQ:NSIT) had its target price reduced by Barrington Research from $225.00 to $205.00 in a report released on Monday morning, Benzinga reports. They currently have an outperform rating on the software maker’s stock.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. decreased their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Stifel Nicolaus raised their price target on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded down $0.21 during midday trading on Monday, reaching $170.29. The company’s stock had a trading volume of 5,382 shares, compared to its average volume of 226,927. The business’s fifty day simple moving average is $210.01 and its 200-day simple moving average is $203.87. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. Insight Enterprises has a fifty-two week low of $141.73 and a fifty-two week high of $228.07. The company has a market capitalization of $5.41 billion, a P/E ratio of 21.45, a P/E/G ratio of 1.50 and a beta of 1.48.

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

Insider Buying and Selling at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.23% of the company’s stock.

Institutional Trading of Insight Enterprises

A number of hedge funds have recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Insight Enterprises by 36.5% during the first quarter. Van ECK Associates Corp now owns 11,658 shares of the software maker’s stock worth $2,163,000 after purchasing an additional 3,118 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Insight Enterprises by 22.9% in the first quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker’s stock valued at $7,036,000 after acquiring an additional 7,067 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of Insight Enterprises in the first quarter worth about $431,000. Texas Permanent School Fund Corp raised its position in shares of Insight Enterprises by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker’s stock worth $4,496,000 after purchasing an additional 314 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Insight Enterprises by 249.8% during the 1st quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker’s stock valued at $1,214,000 after purchasing an additional 4,673 shares in 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.