Insight Enterprises (NASDAQ:NSIT) Hits New 1-Year Low – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $146.56 and last traded at $147.51, with a volume of 99523 shares trading hands. The stock had previously closed at $149.61.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NSIT. JPMorgan Chase & Co. dropped their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Finally, Barrington Research decreased their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Trading Up 1.1 %

The firm has a fifty day moving average price of $198.87 and a 200-day moving average price of $201.85. The company has a market capitalization of $4.82 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. 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 (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.34 billion. During the same quarter last year, the business posted $2.37 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors have recently added to or reduced their stakes in NSIT. Xponance Inc. raised its position in shares of Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after purchasing an additional 52 shares during the period. Tevis Investment Management boosted its holdings in Insight Enterprises by 3.5% in the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after buying an additional 60 shares during the period. One Wealth Advisors LLC grew its stake in Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after buying an additional 62 shares in the last quarter. Huntington National Bank raised its holdings in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after acquiring an additional 68 shares during the period. Finally, Quantinno Capital Management LP lifted its position in shares of Insight Enterprises by 2.0% during the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock worth $744,000 after acquiring an additional 68 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.