JPMorgan Chase & Co. Issues Pessimistic Forecast for Insight Enterprises (NASDAQ:NSIT) Stock Price

Insight Enterprises (NASDAQ:NSIT) had its target price reduced by JPMorgan Chase & Co. from $193.00 to $156.00 in a research report released on Thursday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the software maker’s stock.

Separately, Barrington Research dropped their price target on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $185.00.

Insight Enterprises Trading Up 0.0 %

NASDAQ NSIT opened at $133.35 on Thursday. The stock has a market capitalization of $4.24 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.40 and a beta of 1.31. The business has a 50 day simple moving average of $151.48 and a 200 day simple moving average of $166.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises has a one year low of $126.10 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the company posted $2.98 earnings per share. Research analysts expect that Insight Enterprises will post 9.89 earnings per share for the current year.

Hedge Funds Weigh In On Insight Enterprises

Large investors have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Insight Enterprises by 178.3% in the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after purchasing an additional 36,132 shares in the last quarter. World Investment Advisors LLC bought a new position in Insight Enterprises during the 3rd quarter valued at $2,609,000. Hennessy Advisors Inc. purchased a new position in Insight Enterprises during the 4th quarter worth $39,242,000. Romano Brothers AND Company grew its stake in shares of Insight Enterprises by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after acquiring an additional 100 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after purchasing an additional 139 shares in the last quarter.

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.