Redburn Atlantic Begins Coverage on Insight Enterprises (NASDAQ:NSIT)

Equities research analysts at Redburn Atlantic assumed coverage on shares of Insight Enterprises (NASDAQ:NSIT - Get Free Report) in a report released on Friday, MarketBeat reports. The firm set a "buy" rating and a $220.00 price target on the software maker's stock. Redburn Atlantic's target price indicates a potential upside of 45.21% from the stock's previous close.

A number of other research analysts have also weighed in on NSIT. Barrington Research cut their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $212.50.

Insight Enterprises Stock Down 0.7 %

NASDAQ:NSIT traded down $1.13 during trading hours on Friday, reaching $151.50. The company's stock had a trading volume of 467,340 shares, compared to its average volume of 240,338. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 1.38 and a beta of 1.48. Insight Enterprises has a one year low of $147.28 and a one year high of $228.07. The business's 50-day moving average is $202.79 and its 200-day moving average is $202.60. 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 - Get Free Report) last posted its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the firm earned $2.37 EPS. The business's revenue was down 7.9% compared to the same quarter last year. Equities research analysts predict that Insight Enterprises will post 9.55 EPS for the current year.

Insider Buying and Selling

In other news, insider Jennifer M. Vasin sold 739 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares of the company's stock, valued at $1,124,923.80. This trade represents a 11.92 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.23% of the stock is owned by company insiders.

Institutional Trading of Insight Enterprises

A number of large investors have recently modified their holdings of the business. Xponance Inc. boosted its holdings in Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker's stock worth $419,000 after acquiring an additional 52 shares in the last quarter. Tevis Investment Management lifted its stake in shares of Insight Enterprises by 3.5% during the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker's stock worth $352,000 after acquiring an additional 60 shares during the last quarter. One Wealth Advisors LLC increased its holdings in Insight Enterprises by 4.7% during the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker's stock worth $297,000 after purchasing an additional 62 shares during the period. Huntington National Bank increased 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 worth $214,000 after purchasing an additional 68 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in Insight Enterprises by 2.0% in 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.