Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $106.84 and last traded at $106.27, with a volume of 689 shares trading hands. The stock had previously closed at $105.48.
NSIT has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, May 8th. Barrington Research raised their price target on Insight Enterprises from $102.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday, May 7th. They noted that the move was a valuation call. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $96.88.
The firm has a market capitalization of $3.75 billion, a P/E ratio of 20.68, a PEG ratio of 1.56 and a beta of 1.83. The stock’s 50-day moving average price is $101.08. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.45 and a quick ratio of 1.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NSIT. Eaton Vance Management bought a new position in shares of Insight Enterprises during the first quarter valued at $28,000. Harvest Fund Management Co. Ltd purchased a new position in Insight Enterprises in the first quarter worth about $30,000. Ameritas Investment Company LLC bought a new position in shares of Insight Enterprises in the first quarter worth approximately $40,000. FORA Capital LLC purchased a new stake in shares of Insight Enterprises during the first quarter valued at approximately $58,000. Finally, Ellevest Inc. purchased a new stake in shares of Insight Enterprises during the fourth quarter valued at approximately $61,000.
About Insight Enterprises (NASDAQ:NSIT)
Insight Enterprises, Inc provides information technology hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It provides solutions to gain insights to network enabled devices, and spots patterns and trends through mass analysis; custom applications to help clients create disruption; custom-developed mobile, cloud, and IoT applications; and custom-developed solutions to help clients review actionable insights within their data, including artificial intelligence for prediction, optimization, cognitive, and vision services.
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