Insight Enterprises, Inc. (NASDAQ:NSIT) insider Steven W. Dodenhoff sold 400 shares of Insight Enterprises stock in a transaction on Friday, November 10th. The shares were sold at an average price of $40.50, for a total value of $16,200.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) traded down $1.28 during trading hours on Wednesday, hitting $36.92. The stock had a trading volume of 203,300 shares, compared to its average volume of 201,068. Insight Enterprises, Inc. has a twelve month low of $32.39 and a twelve month high of $53.19. The stock has a market cap of $1,367.26, a P/E ratio of 12.13 and a beta of 1.63. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the business posted $0.62 EPS. The business’s revenue was up 26.2% compared to the same quarter last year. sell-side analysts forecast that Insight Enterprises, Inc. will post 3.22 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in NSIT. Victory Capital Management Inc. increased its holdings in shares of Insight Enterprises by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after acquiring an additional 385 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Insight Enterprises in the 3rd quarter valued at $156,000. CIBC Asset Management Inc purchased a new position in shares of Insight Enterprises in the 3rd quarter valued at $205,000. Eqis Capital Management Inc. purchased a new position in shares of Insight Enterprises in the 3rd quarter valued at $211,000. Finally, Amalgamated Bank purchased a new position in shares of Insight Enterprises in the 3rd quarter valued at $223,000. Institutional investors and hedge funds own 96.59% of the company’s stock.
A number of brokerages have weighed in on NSIT. Zacks Investment Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. B. Riley reaffirmed a “neutral” rating and set a $48.00 target price on shares of Insight Enterprises in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 target price (up from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Finally, ValuEngine lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Insight Enterprises currently has a consensus rating of “Hold” and an average target price of $51.00.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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