Insight Enterprises (NASDAQ:NSIT) Reaches New 1-Year High at $106.84

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.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, May 6th. The software maker reported $1.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.44 by ($0.14). Insight Enterprises had a net margin of 2.17% and a return on equity of 16.91%. The business had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business posted $1.30 EPS. Insight Enterprises’s revenue for the quarter was up 2.3% on a year-over-year basis. Research analysts anticipate that Insight Enterprises, Inc. will post 6.71 earnings per share for the current fiscal year.

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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