Insight Enterprises, Inc. (NASDAQ:NSIT) shot up 2.4% on Wednesday . The stock traded as high as $40.67 and last traded at $41.22, 14,244 shares were traded during trading. A decline of 98% from the average session volume of 586,623 shares. The stock had previously closed at $40.26.
Several research firms recently weighed in on NSIT. Zacks Investment Research upgraded Insight Enterprises from a “sell” rating to a “hold” rating and set a $67.00 target price on the stock in a research report on Saturday, February 15th. ValuEngine upgraded Insight Enterprises from a “sell” rating to a “hold” rating in a research report on Tuesday. B. Riley restated a “buy” rating and issued a $77.00 price objective on shares of Insight Enterprises in a report on Monday, February 10th. Finally, BidaskClub upgraded Insight Enterprises from a “strong sell” rating to a “sell” rating in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $68.00.
The firm has a market capitalization of $1.42 billion, a PE ratio of 9.18 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.52 and a current ratio of 1.62. The firm has a fifty day moving average of $52.44 and a 200 day moving average of $60.34.
In related news, Director Kathleen S. Pushor purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $54.94 per share, with a total value of $109,880.00. Following the acquisition, the director now owns 3,311 shares in the company, valued at approximately $181,906.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.75% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carroll Financial Associates Inc. bought a new stake in shares of Insight Enterprises in the 4th quarter worth approximately $42,000. Parkside Financial Bank & Trust raised its stake in Insight Enterprises by 14.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the software maker’s stock valued at $87,000 after acquiring an additional 156 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Insight Enterprises during the 4th quarter valued at $130,000. PNC Financial Services Group Inc. raised its stake in Insight Enterprises by 31.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the software maker’s stock valued at $137,000 after acquiring an additional 464 shares in the last quarter. Finally, Karani Asset Management LLC bought a new stake in Insight Enterprises during the 4th quarter valued at $170,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.
Insight Enterprises Company Profile (NASDAQ:NSIT)
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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