Insight Enterprises (NASDAQ: NSIT) has recently received a number of price target changes and ratings updates:

  • 8/8/2017 – Insight Enterprises was upgraded by analysts at B. Riley to a “buy” rating. They now have a $54.50 price target on the stock.
  • 8/6/2017 – Insight Enterprises had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $48.00 price target on the stock.
  • 8/5/2017 – Insight Enterprises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. According to Zacks, “Insight is a global direct marketer of brand name computers, hardware and software. The company markets to small-and-medium-sized businesses, through a combination of a strong outbound telemarketing sales force, electronic commerce, electronic marketing and direct mail catalogs. The company offers an extensive assortment of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, together with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
  • 8/3/2017 – Insight Enterprises was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $54.50 price target on the stock, up previously from $48.00.
  • 8/3/2017 – Insight Enterprises had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 8/1/2017 – Insight Enterprises had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $48.00 price target on the stock.
  • 7/5/2017 – Insight Enterprises was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Insight is a global direct marketer of brand name computers, hardware and software. The company markets to small-and-medium-sized businesses, through a combination of a strong outbound telemarketing sales force, electronic commerce, electronic marketing and direct mail catalogs. The company offers an extensive assortment of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, together with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
  • 6/17/2017 – Insight Enterprises was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) traded down 1.53% on Tuesday, reaching $43.74. 144,872 shares of the company traded hands. The company has a market capitalization of $1.56 billion, a PE ratio of 16.25 and a beta of 1.63. The firm has a 50-day moving average price of $41.16 and a 200 day moving average price of $41.60. Insight Enterprises, Inc. has a one year low of $24.23 and a one year high of $53.19.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.19. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. Insight Enterprises’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.97 EPS. Equities analysts forecast that Insight Enterprises, Inc. will post $3.23 EPS for the current fiscal year.

In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.00, for a total transaction of $165,732.00. Following the completion of the sale, the chief financial officer now owns 39,643 shares in the company, valued at approximately $1,665,006. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.23% of the company’s stock.

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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