BidaskClub upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a sell rating to a hold rating in a report issued on Friday morning.
Other analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Insight Enterprises from a hold rating to a buy rating and set a $40.00 price objective for the company in a research note on Tuesday, February 20th. B. Riley reiterated a buy rating and issued a $53.00 price objective (down previously from $56.00) on shares of Insight Enterprises in a research note on Tuesday, February 13th. Finally, ValuEngine lowered shares of Insight Enterprises from a buy rating to a hold rating in a research note on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $46.00.
Insight Enterprises stock traded down $0.44 during mid-day trading on Friday, hitting $35.37. 132,271 shares of the stock were exchanged, compared to its average volume of 213,646. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.38 and a current ratio of 1.54. Insight Enterprises has a 12 month low of $32.10 and a 12 month high of $53.19. The firm has a market cap of $1,291.62, a price-to-earnings ratio of 10.92 and a beta of 1.36.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Wednesday, February 14th. The software maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.71 billion. Insight Enterprises had a net margin of 1.35% and a return on equity of 14.73%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 EPS. equities research analysts predict that Insight Enterprises will post 3.96 EPS for the current fiscal year.
Insight Enterprises announced that its board has authorized a stock repurchase plan on Wednesday, February 14th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
Large investors have recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new stake in shares of Insight Enterprises in the 3rd quarter valued at $156,000. Stone Ridge Asset Management LLC acquired a new stake in Insight Enterprises in the 4th quarter valued at $416,000. Teacher Retirement System of Texas acquired a new stake in Insight Enterprises in the 4th quarter valued at $471,000. Alpha Windward LLC grew its position in Insight Enterprises by 16.1% in the 4th quarter. Alpha Windward LLC now owns 13,860 shares of the software maker’s stock valued at $531,000 after purchasing an additional 1,920 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in Insight Enterprises in the 4th quarter valued at $673,000. Institutional investors own 98.44% of the company’s stock.
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About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
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