Insight Enterprises, Inc. (NASDAQ:NSIT) has earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $48.00.

NSIT has been the subject of a number of recent research reports. Zacks Investment Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. B. Riley restated a “buy” rating and set a $56.00 target price (up previously from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th.

Institutional investors have recently made changes to their positions in the stock. Prudential Financial Inc. grew its stake in shares of Insight Enterprises by 4.7% during the second quarter. Prudential Financial Inc. now owns 319,499 shares of the software maker’s stock worth $12,777,000 after purchasing an additional 14,377 shares during the period. LSV Asset Management grew its stake in shares of Insight Enterprises by 2.8% during the second quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock worth $48,871,000 after purchasing an additional 33,823 shares during the period. Legal & General Group Plc grew its stake in shares of Insight Enterprises by 3.8% during the second quarter. Legal & General Group Plc now owns 103,648 shares of the software maker’s stock worth $4,145,000 after purchasing an additional 3,777 shares during the period. Vanguard Group Inc. grew its stake in shares of Insight Enterprises by 2.9% during the second quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock worth $133,395,000 after purchasing an additional 92,987 shares during the period. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Insight Enterprises by 39.2% during the second quarter. BNP Paribas Arbitrage SA now owns 17,087 shares of the software maker’s stock worth $683,000 after purchasing an additional 4,815 shares during the period. 97.19% of the stock is owned by institutional investors and hedge funds.

Insight Enterprises (NASDAQ NSIT) opened at $38.03 on Thursday. 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 stock has a market capitalization of $1,370.48, a price-to-earnings ratio of 14.09 and a beta of 1.56.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 26.2% compared to the same quarter last year. equities research analysts expect that Insight Enterprises will post 3.22 earnings per share for the current year.

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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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