Insight Enterprises Inc. (NSIT) Receives Average Recommendation of “Hold” from Brokerages
Shares of Insight Enterprises Inc. (NASDAQ:NSIT) have been given an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating. Insight Enterprises’ rating score has improved by 25% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Brokers have set a twelve-month consensus price target of $28.00 for the company and are anticipating that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also assigned Insight Enterprises an industry rank of 237 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th.
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In related news, Director Michael M. Fisher sold 2,100 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $30.93, for a total value of $64,953.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Wolfgang Ebermann sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $31.64, for a total transaction of $474,600.00. Following the completion of the transaction, the insider now directly owns 14,711 shares in the company, valued at approximately $465,456.04. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of NSIT. Acrospire Investment Management LLC bought a new position in Insight Enterprises during the first quarter valued at approximately $132,000. Teacher Retirement System of Texas boosted its position in shares of Insight Enterprises by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,196 shares of the company’s stock valued at $135,000 after buying an additional 627 shares during the last quarter. Mason Street Advisors LLC acquired a new position in shares of Insight Enterprises during the second quarter valued at about $187,000. Eqis Capital Management Inc. acquired a new position in shares of Insight Enterprises during the third quarter valued at about $206,000. Finally, Advisors Asset Management Inc. boosted its position in shares of Insight Enterprises by 25.1% in the second quarter. Advisors Asset Management Inc. now owns 8,753 shares of the company’s stock valued at $228,000 after buying an additional 1,754 shares during the last quarter. 98.63% of the stock is currently owned by institutional investors.
Shares of Insight Enterprises (NASDAQ:NSIT) traded up 0.52% during mid-day trading on Wednesday, reaching $32.61. 62,294 shares of the company’s stock were exchanged. The stock has a market cap of $1.16 billion, a PE ratio of 14.95 and a beta of 1.77. The company has a 50 day moving average price of $31.29 and a 200-day moving average price of $28.28. Insight Enterprises has a one year low of $18.26 and a one year high of $33.26.
Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.22. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.71%. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Insight Enterprises will post $2.43 EPS for the current year.
About Insight Enterprises
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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