Insight Enterprises, Inc. (NASDAQ:NSIT) traded up 5.6% during trading on Friday . The stock traded as high as $38.65 and last traded at $38.58. 591,246 shares changed hands during mid-day trading, an increase of 190% from the average session volume of 203,574 shares. The stock had previously closed at $36.54.

Several equities research analysts recently commented on the company. BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. B. Riley reiterated a “buy” rating and issued a $56.00 price objective (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.

The stock has a market capitalization of $1,322.52, a P/E ratio of 11.73 and a beta of 1.56. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. equities analysts predict that Insight Enterprises, Inc. will post 3.22 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of NSIT. Royce & Associates LP purchased a new position in shares of Insight Enterprises during the 2nd quarter valued at about $20,437,000. Thrivent Financial For Lutherans lifted its holdings in Insight Enterprises by 1,112.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock worth $17,642,000 after purchasing an additional 404,777 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its holdings in Insight Enterprises by 59.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 481,514 shares of the software maker’s stock worth $19,256,000 after purchasing an additional 179,214 shares in the last quarter. BlackRock Inc. lifted its holdings in Insight Enterprises by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock worth $186,642,000 after purchasing an additional 143,348 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its holdings in Insight Enterprises by 14.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock worth $43,179,000 after purchasing an additional 134,029 shares in the last quarter. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

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Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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