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

Barrington Research restated their outperform rating on shares of Insight Enterprises (NASDAQ:NSIT) in a research report report published on Monday morning, Benzinga reports. Barrington Research currently has a $225.00 target price on the software maker’s stock. Barrington Research also issued estimates for Insight Enterprises’ Q4 2024 earnings at $3.51 EPS.

NSIT has been the topic of several other reports. JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a neutral rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a hold rating in a research note on Wednesday, July 17th. Finally, StockNews.com downgraded Insight Enterprises from a buy rating to a hold rating in a research report on Friday, July 5th.

Insight Enterprises Stock Performance

Shares of NSIT opened at $185.20 on Monday. The stock has a 50 day moving average of $202.48 and a 200 day moving average of $193.73. The company has a market capitalization of $6.03 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.53 and a beta of 1.49. Insight Enterprises has a 12 month low of $139.34 and a 12 month high of $228.07. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.36.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the previous year, the company posted $2.56 EPS. Insight Enterprises’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Insight Enterprises will post 10.76 earnings per share for the current year.

Insider Activity

In related news, insider Adrian P. Gregory sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total transaction of $538,532.50. Following the sale, the insider now owns 3,447 shares of the company’s stock, valued at approximately $675,026.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Holdings L.P. Valueact sold 450,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the completion of the transaction, the director now directly owns 4,061,739 shares in the company, valued at $781,844,140.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total value of $538,532.50. Following the completion of the sale, the insider now directly owns 3,447 shares in the company, valued at approximately $675,026.01. The disclosure for this sale can be found here. 1.23% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NSIT. Raymond James & Associates increased its holdings in shares of Insight Enterprises by 4.4% in the 4th quarter. Raymond James & Associates now owns 5,846 shares of the software maker’s stock worth $1,036,000 after buying an additional 244 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Insight Enterprises by 19.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 2,990 shares of the software maker’s stock valued at $530,000 after acquiring an additional 480 shares during the last quarter. Fifth Third Bancorp increased its stake in Insight Enterprises by 1,230.3% in the fourth quarter. Fifth Third Bancorp now owns 1,450 shares of the software maker’s stock valued at $257,000 after acquiring an additional 1,341 shares during the last quarter. Arizona State Retirement System raised its position in Insight Enterprises by 11.2% during the fourth quarter. Arizona State Retirement System now owns 8,950 shares of the software maker’s stock valued at $1,586,000 after purchasing an additional 900 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new stake in Insight Enterprises during the fourth quarter worth about $94,000.

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.