BidaskClub downgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a sell rating in a research report released on Saturday morning, BidAskClub reports.
NSIT has been the topic of several other reports. Zacks Investment Research upgraded Insight Enterprises from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research report on Friday, August 9th. B. Riley reiterated a buy rating on shares of Insight Enterprises in a research report on Monday, April 29th. Stifel Nicolaus increased their price objective on Insight Enterprises from $54.00 to $60.00 and gave the company a hold rating in a research report on Monday, June 24th. Finally, ValuEngine lowered Insight Enterprises from a hold rating to a sell rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $59.00.
Shares of Insight Enterprises stock opened at $49.16 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.73 billion, a PE ratio of 10.62 and a beta of 1.15. The business’s 50-day moving average price is $54.57 and its 200-day moving average price is $54.93. Insight Enterprises has a 12 month low of $37.77 and a 12 month high of $60.10.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.49 EPS for the quarter, beating the consensus estimate of $1.39 by $0.10. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Insight Enterprises had a return on equity of 17.22% and a net margin of 2.40%. The company’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. As a group, analysts predict that Insight Enterprises will post 4.89 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Hennessy Advisors Inc. purchased a new stake in Insight Enterprises during the 2nd quarter valued at about $2,997,000. Janus Henderson Group PLC purchased a new stake in Insight Enterprises during the 1st quarter valued at about $474,000. Bessemer Group Inc. boosted its holdings in Insight Enterprises by 0.5% during the 2nd quarter. Bessemer Group Inc. now owns 74,000 shares of the software maker’s stock valued at $4,307,000 after acquiring an additional 400 shares during the period. State of Alaska Department of Revenue boosted its holdings in Insight Enterprises by 31.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 22,760 shares of the software maker’s stock valued at $1,324,000 after acquiring an additional 5,394 shares during the period. Finally, Norges Bank purchased a new stake in Insight Enterprises during the 4th quarter valued at about $18,557,000. Hedge funds and other institutional investors own 99.74% of the company’s stock.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
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