Zacks Investment Research lowered shares of Insight Enterprises (NASDAQ:NSIT) from a buy rating to a hold rating in a report issued on Friday.

According to Zacks, “Insight Enterprises Inc., is a global direct marketer of brand name computers, hardware and software. It is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology capabilities. 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. “

Several other equities research analysts also recently commented on the company. B. Riley reiterated a buy rating and set a $56.00 target price (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. ValuEngine lowered Insight Enterprises from a buy rating to a hold rating in a research report on Wednesday, November 15th. Finally, BidaskClub downgraded Insight Enterprises from a sell rating to a strong sell rating in a research note on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $48.00.

Shares of Insight Enterprises (NASDAQ:NSIT) opened at $38.14 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1,370.00, a price-to-earnings ratio of 14.13 and a beta of 1.56. Insight Enterprises has a one year low of $35.26 and a one year high of $53.19.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. The business had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The business’s revenue for the quarter was up 26.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 earnings per share. sell-side analysts forecast that Insight Enterprises will post 3.22 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew 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 in the last quarter. Pacad Investment Ltd. grew its stake in shares of Insight Enterprises by 16.9% in the second quarter. Pacad Investment Ltd. now owns 7,600 shares of the software maker’s stock worth $304,000 after purchasing an additional 1,100 shares during the last quarter. Bayesian Capital Management LP grew its stake in shares of Insight Enterprises by 21.6% in the second quarter. Bayesian Capital Management LP now owns 6,423 shares of the software maker’s stock worth $257,000 after purchasing an additional 1,143 shares during the last quarter. Alpha Windward LLC boosted its position in Insight Enterprises by 11.8% during the third quarter. Alpha Windward LLC now owns 11,940 shares of the software maker’s stock valued at $548,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Insight Enterprises by 1.8% during the third quarter. Rhumbline Advisers now owns 75,784 shares of the software maker’s stock valued at $3,480,000 after purchasing an additional 1,323 shares during the period. 97.19% of the stock is currently owned by hedge funds and other institutional investors.

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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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