Insight Enterprises Inc. (NSIT) Given Average Recommendation of “Hold” by Brokerages
Shares of Insight Enterprises Inc. (NASDAQ:NSIT) have been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation. Insight Enterprises’ rating score has improved by 25% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12 month consensus target price of $28.00 for the company and are forecasting that the company will post $0.53 EPS for the current quarter, according to Zacks. Zacks has also given Insight Enterprises an industry rank of 238 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th.
In other news, Director Michael M. Fisher sold 2,100 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $30.93, for a total transaction of $64,953.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robertson C. Jones sold 4,438 shares of the stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $30.94, for a total transaction of $137,311.72. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of the company. Acrospire Investment Management LLC bought a new stake in shares of Insight Enterprises during the first quarter valued at about $132,000. Teacher Retirement System of Texas increased its stake in shares of Insight Enterprises by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,196 shares of the company’s stock valued at $135,000 after buying an additional 627 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Insight Enterprises during the third quarter valued at about $206,000. Algert Global LLC bought a new stake in shares of Insight Enterprises during the third quarter valued at about $229,000. Finally, Mason Street Advisors LLC bought a new stake in shares of Insight Enterprises during the second quarter valued at about $187,000. 98.63% of the stock is owned by institutional investors.
Insight Enterprises (NASDAQ:NSIT) opened at 32.45 on Wednesday. Insight Enterprises has a 12 month low of $18.26 and a 12 month high of $33.26. The company has a 50-day moving average price of $31.41 and a 200 day moving average price of $28.37. The firm has a market cap of $1.15 billion, a PE ratio of 14.87 and a beta of 1.77.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, August 3rd. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.22. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.71%. The firm earned $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Insight Enterprises will post $2.43 EPS for the current year.
Insight Enterprises Company Profile
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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