Insight Enterprises, Inc. (NASDAQ:NSIT) has received an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $46.00.
A number of equities research analysts have weighed in on NSIT shares. ValuEngine lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a report on Wednesday, January 3rd. B. Riley reaffirmed a “buy” rating and issued a $56.00 price objective (up previously from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Finally, BidaskClub raised Insight Enterprises from a “strong sell” rating to a “sell” rating in a report on Friday, February 16th.
Hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in shares of Insight Enterprises during the 3rd quarter valued at approximately $156,000. CIBC Asset Management Inc acquired a new stake in shares of Insight Enterprises during the 3rd quarter valued at approximately $205,000. Eqis Capital Management Inc. acquired a new stake in shares of Insight Enterprises during the 3rd quarter valued at approximately $211,000. Amalgamated Bank acquired a new stake in shares of Insight Enterprises during the 3rd quarter valued at approximately $223,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Insight Enterprises during the 3rd quarter valued at approximately $333,000. Institutional investors own 94.90% of the company’s stock.
Shares of Insight Enterprises (NASDAQ NSIT) opened at $35.20 on Friday. Insight Enterprises has a twelve month low of $32.10 and a twelve month high of $53.19. The firm has a market capitalization of $1,260.00, a P/E ratio of 14.02 and a beta of 1.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.38.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Wednesday, February 14th. The software maker reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Insight Enterprises had a return on equity of 14.73% and a net margin of 1.35%. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 21.6% compared to the same quarter last year. equities research analysts forecast that Insight Enterprises will post 3.96 earnings per share for the current fiscal year.
Insight Enterprises announced that its board has initiated a share buyback plan on Wednesday, February 14th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the software maker to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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Insight Enterprises Company Profile
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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