Insight Enterprises (NASDAQ:NSIT) Price Target Lowered to $205.00 at Barrington Research

Insight Enterprises (NASDAQ:NSIT) had its target price lowered by equities researchers at Barrington Research from $225.00 to $205.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Barrington Research’s price objective points to a potential upside of 19.23% from the company’s current price.

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

Insight Enterprises Trading Down 0.2 %

NSIT stock traded down $0.27 during midday trading on Monday, reaching $171.94. 254,385 shares of the company’s stock traded hands, compared to its average volume of 226,982. The business has a 50-day moving average price of $210.88 and a two-hundred day moving average price of $203.95. Insight Enterprises has a fifty-two week low of $141.73 and a fifty-two week high of $228.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.19. The company has a market capitalization of $5.60 billion, a P/E ratio of 21.63, a PEG ratio of 1.37 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.37 earnings per share. Equities research analysts forecast that Insight Enterprises will post 10.67 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at $1,124,923.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

A number of large investors have recently bought and sold shares of NSIT. Vanguard Group Inc. raised its position in Insight Enterprises by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock valued at $718,326,000 after purchasing an additional 13,072 shares during the last quarter. Capital World Investors grew its stake in Insight Enterprises by 27.8% in the first quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock valued at $398,700,000 after acquiring an additional 467,088 shares during the period. Capital Research Global Investors grew its stake in Insight Enterprises by 54.9% in the first quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock valued at $168,398,000 after acquiring an additional 321,780 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Insight Enterprises by 28.0% during the first quarter. Westfield Capital Management Co. LP now owns 405,407 shares of the software maker’s stock valued at $75,211,000 after buying an additional 88,641 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Insight Enterprises by 14.7% during the second quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker’s stock valued at $56,790,000 after buying an additional 36,790 shares during the last quarter.

About Insight Enterprises

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.