Insight Enterprises (NASDAQ:NSIT) Shares Up 2.4%

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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.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($0.04). Insight Enterprises had a net margin of 2.06% and a return on equity of 17.32%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter last year, the business earned $1.32 EPS. Insight Enterprises’s revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts forecast that Insight Enterprises, Inc. will post 6.59 earnings per share for the current fiscal year.

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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