Insight Enterprises Inc. (NSIT) Lowered to Hold at Zacks Investment Research
According to Zacks, “Insight is a global direct marketer of brand name computers, hardware and software. 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. “
Insight Enterprises (NASDAQ:NSIT) traded up 0.51% during midday trading on Wednesday, reaching $32.53. The company’s stock had a trading volume of 99,516 shares. Insight Enterprises has a one year low of $18.26 and a one year high of $32.77. The firm has a 50 day moving average price of $31.12 and a 200 day moving average price of $28.15. The firm has a market cap of $1.15 billion, a P/E ratio of 14.91 and a beta of 1.77.
Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.22. The business earned $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.71%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.68 EPS. Equities research analysts forecast that Insight Enterprises will post $2.43 EPS for the current fiscal year.
In other news, VP Dana A. Leighty sold 1,986 shares of the business’s stock in a transaction on Tuesday, August 9th. The shares were sold at an average price of $31.13, for a total transaction of $61,824.18. Following the completion of the sale, the vice president now owns 5,404 shares of the company’s stock, valued at approximately $168,226.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Wolfgang Ebermann sold 15,000 shares of the business’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $31.64, for a total transaction of $474,600.00. Following the sale, the insider now directly owns 14,711 shares of the company’s stock, valued at approximately $465,456.04. The disclosure for this sale can be found here. Insiders own 1.23% of the company’s stock.
Large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of Insight Enterprises by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 949,584 shares of the company’s stock worth $27,196,000 after buying an additional 3,132 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Insight Enterprises by 1.1% in the first quarter. BlackRock Fund Advisors now owns 2,362,750 shares of the company’s stock worth $67,669,000 after buying an additional 26,776 shares during the last quarter. AXA increased its stake in shares of Insight Enterprises by 6.6% in the first quarter. AXA now owns 43,650 shares of the company’s stock worth $1,250,000 after buying an additional 2,700 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Insight Enterprises by 9.9% in the first quarter. TIAA CREF Investment Management LLC now owns 190,027 shares of the company’s stock worth $5,442,000 after buying an additional 17,137 shares during the last quarter. Finally, Aristotle Capital Boston LLC increased its stake in shares of Insight Enterprises by 3.4% in the second quarter. Aristotle Capital Boston LLC now owns 112,148 shares of the company’s stock worth $2,916,000 after buying an additional 3,735 shares during the last quarter. 98.61% of the stock is owned by hedge funds and other institutional investors.
About Insight Enterprises
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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