Zacks Investment Research upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a sell rating to a hold rating in a report published on Wednesday.
According to Zacks, “Insight Enterprises Inc., is a global direct marketer of brand name computers, hardware and software. It is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology capabilities. The company markets to small-and-medium-sized businesses, through a combination of a strong outbound telemarketing sales force, electronic commerce, electronic marketing and direct mail catalogs. The company offers an extensive assortment of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, together with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
A number of other brokerages have also weighed in on NSIT. BidaskClub raised shares of Insight Enterprises from a buy rating to a strong-buy rating in a research note on Saturday, September 29th. ValuEngine lowered shares of Insight Enterprises from a hold rating to a sell rating in a research note on Wednesday, November 7th. Finally, B. Riley decreased their price target on shares of Insight Enterprises from $61.00 to $59.00 and set a buy rating on the stock in a research note on Thursday, November 8th.
Insight Enterprises stock traded up $0.64 during midday trading on Wednesday, reaching $43.22. The company had a trading volume of 131,656 shares, compared to its average volume of 161,807. The firm has a market capitalization of $1.51 billion, a PE ratio of 13.34 and a beta of 1.12. Insight Enterprises has a 12-month low of $32.10 and a 12-month high of $56.86. The company has a current ratio of 1.65, a quick ratio of 1.51 and a debt-to-equity ratio of 0.27.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Insight Enterprises had a net margin of 1.83% and a return on equity of 16.60%. The company’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. On average, sell-side analysts predict that Insight Enterprises will post 4.42 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Insight Enterprises by 4.1% in the 3rd quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock worth $278,699,000 after purchasing an additional 201,482 shares in the last quarter. Vanguard Group Inc. lifted its stake in Insight Enterprises by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,761,007 shares of the software maker’s stock worth $203,432,000 after purchasing an additional 168,306 shares in the last quarter. Vanguard Group Inc lifted its stake in Insight Enterprises by 4.7% in the 3rd quarter. Vanguard Group Inc now owns 3,761,007 shares of the software maker’s stock worth $203,432,000 after purchasing an additional 168,306 shares in the last quarter. Northern Trust Corp lifted its stake in Insight Enterprises by 2.3% in the 2nd quarter. Northern Trust Corp now owns 1,581,099 shares of the software maker’s stock worth $77,362,000 after purchasing an additional 35,657 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its stake in Insight Enterprises by 7.7% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 973,870 shares of the software maker’s stock worth $52,677,000 after purchasing an additional 69,222 shares in the last quarter. 97.94% of the stock is currently owned by institutional investors and hedge funds.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
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