Insight Enterprises (NASDAQ:NSIT) Reaches New 52-Week Low After Analyst Downgrade

Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week low on Monday after Barrington Research lowered their price target on the stock from $205.00 to $164.00. Barrington Research currently has an outperform rating on the stock. Insight Enterprises traded as low as $126.32 and last traded at $131.13, with a volume of 197132 shares. The stock had previously closed at $132.04.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NSIT. First Hawaiian Bank purchased a new stake in shares of Insight Enterprises during the 1st quarter worth $484,000. Wellington Management Group LLP lifted its holdings in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock worth $41,188,000 after buying an additional 107,397 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Insight Enterprises by 23.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,760 shares of the software maker’s stock worth $8,329,000 after acquiring an additional 10,384 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Insight Enterprises by 17.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,537 shares of the software maker’s stock valued at $10,729,000 after acquiring an additional 10,446 shares during the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Insight Enterprises during the 4th quarter worth about $9,545,000.

Insight Enterprises Price Performance

The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average of $159.06 and a 200-day moving average of $171.18. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 19.99, a P/E/G ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating analysts’ consensus estimates 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 in the prior year, the business posted $2.98 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.