Insight Enterprises (NASDAQ:NSIT) Earns Buy Rating from Analysts at Redburn Atlantic

Redburn Atlantic initiated coverage on shares of Insight Enterprises (NASDAQ:NSIT) in a research report report published on Friday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $220.00 price objective on the software maker’s stock.

NSIT has been the topic of several other reports. JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barrington Research decreased their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Price Performance

Shares of NSIT opened at $150.00 on Friday. The company’s 50-day moving average is $201.83 and its 200-day moving average is $202.73. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market capitalization of $4.76 billion, a PE ratio of 18.87, a PEG ratio of 1.32 and a beta of 1.48. Insight Enterprises has a fifty-two week low of $147.28 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted 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). The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.37 EPS. Equities analysts forecast that Insight Enterprises will post 9.55 EPS for the current year.

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Insight Enterprises during the 2nd quarter valued at about $38,000. EntryPoint Capital LLC bought a new position in shares of Insight Enterprises during the first quarter valued at approximately $89,000. GAMMA Investing LLC lifted its stake in Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock worth $90,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. boosted its holdings in Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares in the last quarter. Finally, First Foundation Advisors purchased a new position in Insight Enterprises during the 1st quarter valued at $195,000.

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.