Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month Low on Analyst Downgrade

Insight Enterprises, Inc. (NASDAQ:NSIT) reached a new 52-week low during trading 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 trading hands. The stock had previously closed at $132.04.

Institutional Trading of Insight Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Insight Enterprises in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $33,000. J.Safra Asset Management Corp grew its holdings in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC increased its position in shares of Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock worth $39,000 after purchasing an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares during the period.

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 company has a market cap of $4.15 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.40 and a beta of 1.31. The stock’s 50-day simple moving average is $159.06 and its 200 day simple moving average is $171.18.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results 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 return on equity of 18.95% and a net margin of 2.87%. During the same period in the prior year, the company posted $2.98 earnings per share. On average, equities research analysts anticipate 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.