Analysts Set Insight Enterprises, Inc. (NSIT) Price Target at $50.50

Insight Enterprises, Inc. (NASDAQ:NSIT) has received an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $50.50.

Several equities research analysts have issued reports on the company. BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday. B. Riley reiterated a “buy” rating and issued a $56.00 price target (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Zacks Investment Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th.

Hedge funds and other institutional investors have recently modified their holdings of the company. 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 last quarter. Macquarie Group Ltd. acquired a new position in Insight Enterprises during the 3rd quarter valued at approximately $156,000. CIBC Asset Management Inc acquired a new position in Insight Enterprises during the 3rd quarter valued at approximately $205,000. Eqis Capital Management Inc. acquired a new position in Insight Enterprises during the 3rd quarter valued at approximately $211,000. Finally, Amalgamated Bank acquired a new position in Insight Enterprises during the 3rd quarter valued at approximately $223,000. Institutional investors and hedge funds own 97.19% of the company’s stock.

Insight Enterprises (NASDAQ:NSIT) traded up $0.23 during mid-day trading on Friday, reaching $37.03. The company’s stock had a trading volume of 140,800 shares, compared to its average volume of 202,360. The company has a quick ratio of 1.59, a current ratio of 1.84 and a debt-to-equity ratio of 0.65. Insight Enterprises has a 52 week low of $35.26 and a 52 week high of $53.19. The stock has a market cap of $1,317.15, a P/E ratio of 11.68 and a beta of 1.56.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.62 EPS. Insight Enterprises’s revenue for the quarter was up 26.2% compared to the same quarter last year. equities research analysts anticipate that Insight Enterprises will post 3.22 EPS for the current fiscal year.

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Insight Enterprises Company Profile

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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