Insight Enterprises (NASDAQ:NSIT) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Tuesday.

A number of other analysts also recently commented on the company. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Zacks Investment Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, B. Riley reiterated a “buy” rating and issued a $56.00 price objective (up previously from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Insight Enterprises has a consensus rating of “Hold” and a consensus target price of $51.00.

Shares of Insight Enterprises (NSIT) traded up $0.23 during mid-day trading on Tuesday, hitting $37.03. The company’s stock had a trading volume of 140,897 shares, compared to its average volume of 202,360. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59. Insight Enterprises has a 52 week low of $35.26 and a 52 week high of $53.19. The company has a market cap of $1,315.01, a P/E ratio of 11.66 and a beta of 1.56.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the company earned $0.62 EPS. The company’s quarterly revenue was up 26.2% on a year-over-year basis. equities analysts expect that Insight Enterprises will post 3.22 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Insight Enterprises by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock worth $186,642,000 after buying an additional 143,348 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Insight Enterprises by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock worth $133,395,000 after buying an additional 92,987 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Insight Enterprises by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,543,613 shares of the software maker’s stock worth $61,730,000 after buying an additional 25,161 shares in the last quarter. LSV Asset Management raised its holdings in shares of Insight Enterprises by 2.8% in the 2nd quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock worth $48,871,000 after buying an additional 33,823 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK raised its holdings in shares of Insight Enterprises by 14.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock worth $43,179,000 after buying an additional 134,029 shares in the last quarter. 97.19% of the stock is owned by institutional investors and hedge funds.

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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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