Barrington Research Issues Pessimistic Forecast for Insight Enterprises (NASDAQ:NSIT) Stock Price

Insight Enterprises (NASDAQ:NSIT - Free Report) had its price target decreased by Barrington Research from $225.00 to $205.00 in a research note issued to investors on Monday, Benzinga reports. Barrington Research currently has an outperform rating on the software maker's stock.

Several other analysts have also recently weighed in on NSIT. JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, July 17th.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT traded down $1.71 during mid-day trading on Monday, reaching $170.50. 460,519 shares of the company were exchanged, compared to its average volume of 227,968. The company's 50-day simple moving average is $210.88 and its 200-day simple moving average is $203.95. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $5.56 billion, a P/E ratio of 21.63, a P/E/G ratio of 1.37 and a beta of 1.48. Insight Enterprises has a twelve month low of $141.73 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm earned $2.37 EPS. Insight Enterprises's revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, research analysts predict that Insight Enterprises will post 10.67 earnings per share for the current year.

Insider Buying and Selling at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the sale, the insider now directly owns 5,460 shares of the company's stock, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.23% of the company's stock.

Institutional Investors Weigh In On Insight Enterprises

Several hedge funds and other institutional investors have recently made changes to their positions in NSIT. Van ECK Associates Corp grew its holdings in shares of Insight Enterprises by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 11,658 shares of the software maker's stock valued at $2,163,000 after purchasing an additional 3,118 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Insight Enterprises by 22.9% during the 1st quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker's stock worth $7,036,000 after buying an additional 7,067 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Insight Enterprises during the 1st quarter worth approximately $431,000. Texas Permanent School Fund Corp boosted its position in Insight Enterprises by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker's stock worth $4,496,000 after buying an additional 314 shares during the period. Finally, SG Americas Securities LLC boosted its position in Insight Enterprises by 249.8% during the 1st quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker's stock worth $1,214,000 after buying an additional 4,673 shares during the period.

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.