Insight Enterprises (NASDAQ:NSIT – Get Rating) had its price objective lifted by analysts at Barrington Research from $125.00 to $150.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the software maker’s stock. Barrington Research’s price target points to a potential upside of 19.72% from the company’s current price.
Separately, Sidoti restated a “neutral” rating and issued a $127.00 target price on shares of Insight Enterprises in a research report on Monday.
Insight Enterprises Stock Performance
NASDAQ NSIT traded up $0.08 during trading hours on Friday, reaching $125.29. The company’s stock had a trading volume of 8,655 shares, compared to its average volume of 219,977. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48. The business has a 50-day simple moving average of $105.57 and a 200 day simple moving average of $96.50. Insight Enterprises has a 52 week low of $81.11 and a 52 week high of $126.56. The stock has a market cap of $4.36 billion, a PE ratio of 17.31, a PEG ratio of 1.02 and a beta of 1.61.
Insight Enterprises (NASDAQ:NSIT – Get Rating) last posted its earnings results on Thursday, February 9th. The software maker reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.13 by $0.40. Insight Enterprises had a return on equity of 19.33% and a net margin of 2.53%. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same period last year, the business posted $2.03 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts predict that Insight Enterprises will post 8.71 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Rachael Ann Bertrandt Crump sold 850 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $102.98, for a total value of $87,533.00. Following the completion of the sale, the insider now owns 2,469 shares of the company’s stock, valued at $254,257.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.61% of the company’s stock.
Institutional Investors Weigh In On Insight Enterprises
A number of institutional investors and hedge funds have recently bought and sold shares of NSIT. ValueAct Holdings L.P. lifted its holdings in Insight Enterprises by 15.7% in the 2nd quarter. ValueAct Holdings L.P. now owns 4,099,226 shares of the software maker’s stock valued at $353,681,000 after acquiring an additional 556,083 shares during the last quarter. Capital Research Global Investors lifted its holdings in Insight Enterprises by 173.7% in the 1st quarter. Capital Research Global Investors now owns 752,800 shares of the software maker’s stock valued at $80,790,000 after acquiring an additional 477,800 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Insight Enterprises by 379.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 409,417 shares of the software maker’s stock valued at $43,939,000 after acquiring an additional 324,079 shares during the last quarter. Fiduciary Management Inc. WI lifted its holdings in Insight Enterprises by 15.6% in the 3rd quarter. Fiduciary Management Inc. WI now owns 1,155,706 shares of the software maker’s stock valued at $95,242,000 after acquiring an additional 156,262 shares during the last quarter. Finally, Citadel Advisors LLC raised its holdings in Insight Enterprises by 88.3% during the 3rd quarter. Citadel Advisors LLC now owns 222,110 shares of the software maker’s stock worth $18,304,000 after buying an additional 104,141 shares during the period.
Insight Enterprises Company Profile
Insight Enterprises, Inc is a global provider of information technology, services, and cloud solutions to worldwide enterprises, governments, schools, and healthcare organizations. It helps businesses define, architect, implement, and manage Intelligent Technology Solutions in North America, Europe, the Middle East, Africa, and Asia-Pacific.