Insight Enterprises, Inc. (NASDAQ:NSIT) Receives Consensus Rating of “Hold” from Brokerages
Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have earned an average rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $45.00.
Several equities research analysts recently issued reports on NSIT shares. Zacks Investment Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 5th. B. Riley reaffirmed a “neutral” rating and issued a $44.00 price objective on shares of Insight Enterprises in a research note on Wednesday, April 12th. Stifel Nicolaus lifted their price objective on shares of Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a research note on Thursday, May 4th. BidaskClub lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Insight Enterprises in a research note on Thursday, May 4th.
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Insight Enterprises (NASDAQ:NSIT) opened at 41.36 on Friday. Insight Enterprises has a 12 month low of $24.23 and a 12 month high of $53.19. The company has a 50 day moving average price of $42.14 and a 200 day moving average price of $41.47. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 16.32 and a beta of 1.64.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, May 3rd. The software maker reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Insight Enterprises had a net margin of 1.58% and a return on equity of 14.68%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 26.4% on a year-over-year basis. Equities research analysts predict that Insight Enterprises will post $3.08 earnings per share for the current year.
In related news, CFO Glynis Bryan sold 3,946 shares of Insight Enterprises stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.00, for a total value of $165,732.00. Following the transaction, the chief financial officer now owns 39,643 shares in the company, valued at approximately $1,665,006. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Midwest Bank Trust Division increased its position in shares of Insight Enterprises by 3.5% in the first quarter. First Midwest Bank Trust Division now owns 12,645 shares of the software maker’s stock valued at $520,000 after buying an additional 433 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of Insight Enterprises during the first quarter valued at approximately $1,903,000. Suntrust Banks Inc. increased its position in shares of Insight Enterprises by 3.3% in the first quarter. Suntrust Banks Inc. now owns 8,812 shares of the software maker’s stock valued at $361,000 after buying an additional 281 shares during the period. Metropolitan Life Insurance Co. NY increased its position in shares of Insight Enterprises by 5.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 25,593 shares of the software maker’s stock valued at $1,035,000 after buying an additional 1,213 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of Insight Enterprises by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the software maker’s stock valued at $596,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 97.85% of the company’s stock.
About Insight Enterprises
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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