Insight Enterprises (NASDAQ:NSIT) had its price target reduced by B. Riley from $61.00 to $59.00 in a research note released on Thursday, Marketbeat Ratings reports. They currently have a buy rating on the software maker’s stock. B. Riley also issued estimates for Insight Enterprises’ Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $4.41 EPS, Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $1.13 EPS and FY2019 earnings at $4.52 EPS.
Several other equities research analysts have also issued reports on the stock. BidaskClub lowered shares of Insight Enterprises from a buy rating to a hold rating in a report on Thursday. ValuEngine lowered shares of Insight Enterprises from a hold rating to a sell rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of Insight Enterprises from a hold rating to a buy rating and set a $58.00 price target on the stock in a report on Wednesday, July 25th.
Shares of Insight Enterprises stock traded up $0.97 during midday trading on Thursday, hitting $46.54. 305,906 shares of the company traded hands, compared to its average volume of 235,268. The firm has a market capitalization of $1.79 billion, a PE ratio of 14.36 and a beta of 1.19. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.16. Insight Enterprises has a 12 month low of $32.10 and a 12 month high of $56.86.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.09). The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.84 billion. Insight Enterprises had a net margin of 1.69% and a return on equity of 16.42%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.73 earnings per share. As a group, research analysts anticipate that Insight Enterprises will post 4.43 earnings per share for the current year.
In other Insight Enterprises news, insider Samuel C. Cowley sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $53.06, for a total transaction of $318,360.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony Ibarguen sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.55, for a total transaction of $267,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,827 shares of company stock worth $859,173 over the last ninety days. 1.77% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in Insight Enterprises by 33.3% during the 3rd quarter. FMR LLC now owns 483,641 shares of the software maker’s stock worth $26,160,000 after acquiring an additional 120,810 shares during the last quarter. Globeflex Capital L P bought a new stake in Insight Enterprises during the 3rd quarter worth approximately $1,208,000. BBT Capital Management LLC bought a new stake in Insight Enterprises during the 3rd quarter worth approximately $1,120,000. BlackRock Inc. grew its holdings in Insight Enterprises by 4.1% during the 3rd quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock worth $278,699,000 after acquiring an additional 201,482 shares during the last quarter. Finally, Martingale Asset Management L P bought a new stake in Insight Enterprises during the 3rd quarter worth approximately $4,297,000. 95.83% of the stock is currently owned by hedge funds and other institutional investors.
Insight Enterprises Company Profile
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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