Barrington Research Reaffirms Outperform Rating for Insight Enterprises (NASDAQ:NSIT)

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “outperform” rating reissued by equities researchers at Barrington Research in a report released on Tuesday,Benzinga reports. They presently have a $120.00 target price on the software maker’s stock. Barrington Research’s price objective would suggest a potential upside of 44.13% from the stock’s previous close.

NSIT has been the subject of several other reports. Weiss Ratings cut Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 5th. Canaccord Genuity Group initiated coverage on Insight Enterprises in a research report on Wednesday, November 19th. They set a “hold” rating and a $100.00 price objective for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $90.00 target price (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Finally, Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $103.33.

Insight Enterprises Stock Up 0.8%

Shares of NSIT opened at $83.26 on Tuesday. The company’s 50-day simple moving average is $83.79 and its 200-day simple moving average is $106.58. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.27 and a current ratio of 1.30. Insight Enterprises has a 1 year low of $77.10 and a 1 year high of $181.92. The stock has a market capitalization of $2.58 billion, a PE ratio of 19.41, a P/E/G ratio of 0.39 and a beta of 0.93.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.15 billion. During the same period in the previous year, the company earned $2.19 earnings per share. Insight Enterprises’s quarterly revenue was down 4.0% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. Analysts forecast that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in Insight Enterprises by 684.8% during the first quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock worth $3,664,000 after purchasing an additional 21,310 shares in the last quarter. AQR Capital Management LLC grew its position in shares of Insight Enterprises by 39.7% in the 1st quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock valued at $2,264,000 after buying an additional 4,293 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Insight Enterprises during the 1st quarter worth $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Insight Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock worth $2,432,000 after acquiring an additional 714 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Insight Enterprises by 5.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock valued at $11,138,000 after acquiring an additional 3,722 shares during the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.