Insight Enterprises, Inc. (NASDAQ:NSIT) has earned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $50.50.
NSIT has been the topic of a number of recent analyst reports. B. Riley reaffirmed a “neutral” rating and set a $48.00 price target on shares of Insight Enterprises in a research report on Tuesday, August 1st. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 target price (up from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Saturday, August 5th. BidaskClub downgraded Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Finally, ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday.
Insight Enterprises (NASDAQ:NSIT) opened at $36.92 on Wednesday. The stock has a market capitalization of $1,384.09, a price-to-earnings ratio of 12.28 and a beta of 1.63. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. Insight Enterprises has a 12-month low of $32.39 and a 12-month high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.59 billion. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. equities research analysts anticipate that Insight Enterprises will post 3.22 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSIT. BlackRock Inc. increased its position in shares of Insight Enterprises by 32,650.5% in the 1st quarter. BlackRock Inc. now owns 4,523,829 shares of the software maker’s stock valued at $185,884,000 after acquiring an additional 4,510,016 shares during the period. Royce & Associates LP purchased a new stake in Insight Enterprises in the second quarter valued at $20,437,000. Thrivent Financial For Lutherans boosted its holdings in Insight Enterprises by 1,112.8% in the second quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock valued at $17,642,000 after purchasing an additional 404,777 shares during the last quarter. Bank of Montreal Can boosted its holdings in Insight Enterprises by 493.1% in the second quarter. Bank of Montreal Can now owns 232,907 shares of the software maker’s stock valued at $9,314,000 after purchasing an additional 193,638 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY boosted its holdings in Insight Enterprises by 59.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 481,514 shares of the software maker’s stock valued at $19,256,000 after purchasing an additional 179,214 shares during the last quarter. 96.59% of the stock is currently owned by hedge funds and other institutional investors.
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Insight Enterprises Company Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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