Insight Enterprises (NASDAQ:NSIT) was downgraded by equities research analysts at BidaskClub from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday, BidAskClub reports.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Insight Enterprises from a "hold" rating to a "buy" rating and set a $63.00 target price on the stock in a report on Wednesday, September 16th. Sidoti initiated coverage on shares of Insight Enterprises in a report on Monday, July 6th. They set a "buy" rating on the stock. ValuEngine upgraded shares of Insight Enterprises from a "strong sell" rating to a "sell" rating in a report on Tuesday, September 22nd. B. Riley reiterated a "buy" rating and set a $63.50 target price on shares of Insight Enterprises in a report on Thursday, June 4th. Finally, Stifel Nicolaus upgraded shares of Insight Enterprises from a "hold" rating to a "buy" rating and increased their target price for the stock from $55.00 to $60.00 in a report on Friday, July 17th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of "Hold" and an average target price of $63.63.
NASDAQ:NSIT opened at $56.39 on Wednesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.34. The stock has a market capitalization of $1.98 billion, a P/E ratio of 13.33 and a beta of 1.55. The company has a 50 day moving average price of $57.22 and a 200 day moving average price of $50.12. Insight Enterprises has a fifty-two week low of $28.25 and a fifty-two week high of $73.22.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $1.75 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.01 by $0.74. The firm had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $1.98 billion. Insight Enterprises had a net margin of 1.81% and a return on equity of 17.66%. The firm's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $1.49 EPS. Research analysts forecast that Insight Enterprises will post 5.53 earnings per share for the current fiscal year.
In other news, insider Samuel C. Cowley sold 6,415 shares of the firm's stock in a transaction on Monday, August 10th. The shares were sold at an average price of $55.44, for a total value of $355,647.60. Also, CFO Glynis Bryan sold 2,500 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $59.73, for a total transaction of $149,325.00. Following the completion of the sale, the chief financial officer now owns 60,301 shares in the company, valued at $3,601,778.73. The disclosure for this sale can be found here. Insiders sold a total of 19,639 shares of company stock worth $1,125,437 over the last 90 days. Company insiders own 2.10% of the company's stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund grew its position in shares of Insight Enterprises by 1.4% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 14,541 shares of the software maker's stock valued at $715,000 after buying an additional 200 shares during the last quarter. Chatham Capital Group Inc. grew its position in shares of Insight Enterprises by 0.6% in the 2nd quarter. Chatham Capital Group Inc. now owns 36,624 shares of the software maker's stock valued at $1,802,000 after buying an additional 229 shares during the last quarter. Mutual of America Capital Management LLC grew its position in shares of Insight Enterprises by 22.2% in the 1st quarter. Mutual of America Capital Management LLC now owns 1,563 shares of the software maker's stock valued at $66,000 after buying an additional 284 shares during the last quarter. Parkside Financial Bank & Trust grew its position in shares of Insight Enterprises by 22.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 1,564 shares of the software maker's stock valued at $77,000 after buying an additional 284 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Insight Enterprises by 5.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,300 shares of the software maker's stock valued at $310,000 after buying an additional 300 shares during the last quarter.
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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8 Consumer Staples Stocks That Offer Good Value
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View the "8 Consumer Staples Stocks That Offer Good Value".