JPMorgan Chase & Co. Has Lowered Expectations for Insight Enterprises (NASDAQ:NSIT) Stock Price

Insight Enterprises (NASDAQ:NSIT - Free Report) had its price target trimmed by JPMorgan Chase & Co. from $193.00 to $156.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the software maker's stock.

Separately, Barrington Research lowered their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Insight Enterprises currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Price Performance

NSIT traded down $0.35 during trading on Thursday, reaching $131.73. The stock had a trading volume of 92,454 shares, compared to its average volume of 308,430. Insight Enterprises has a 1-year low of $126.10 and a 1-year high of $228.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $149.43 and a two-hundred day moving average of $164.24. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the company earned $2.98 earnings per share. As a group, equities analysts anticipate that Insight Enterprises will post 9.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

Large investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock valued at $163,243,000 after purchasing an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock valued at $124,934,000 after buying an additional 2,944 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Insight Enterprises by 16.5% during the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after acquiring an additional 63,200 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Insight Enterprises during the 4th quarter worth about $57,380,000. Finally, Norges Bank acquired a new position in Insight Enterprises in the fourth quarter valued at approximately $47,585,000.

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.