Insight Enterprises (NASDAQ:NSIT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

NSIT has been the subject of a number of other research reports. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, January 3rd. ValuEngine lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, B. Riley reaffirmed a “buy” rating and set a $53.00 price objective (down previously from $56.00) on shares of Insight Enterprises in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $46.00.

NSIT stock opened at $35.37 on Friday. Insight Enterprises has a twelve month low of $32.10 and a twelve month high of $53.19. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.38. The company has a market cap of $1,291.62, a P/E ratio of 10.92 and a beta of 1.36.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Wednesday, February 14th. The software maker reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Insight Enterprises had a return on equity of 14.73% and a net margin of 1.35%. The company had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 21.6% on a year-over-year basis. equities research analysts forecast that Insight Enterprises will post 3.96 earnings per share for the current fiscal year.

Insight Enterprises announced that its board has approved a share buyback program on Wednesday, February 14th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Insight Enterprises by 0.9% in the 4th quarter. BlackRock Inc. now owns 5,209,461 shares of the software maker’s stock worth $199,472,000 after purchasing an additional 48,391 shares in the last quarter. Standard Life Aberdeen plc increased its holdings in shares of Insight Enterprises by 33.8% in the 4th quarter. Standard Life Aberdeen plc now owns 2,137,725 shares of the software maker’s stock worth $81,854,000 after purchasing an additional 539,477 shares in the last quarter. Pzena Investment Management LLC increased its holdings in shares of Insight Enterprises by 13.5% in the 4th quarter. Pzena Investment Management LLC now owns 973,385 shares of the software maker’s stock worth $37,271,000 after purchasing an additional 115,884 shares in the last quarter. Boston Partners increased its holdings in shares of Insight Enterprises by 11.5% in the 4th quarter. Boston Partners now owns 827,489 shares of the software maker’s stock worth $31,685,000 after purchasing an additional 85,410 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY increased its holdings in shares of Insight Enterprises by 3.2% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 645,502 shares of the software maker’s stock worth $24,716,000 after purchasing an additional 20,120 shares in the last quarter. 98.44% of the stock is owned by institutional investors and hedge funds.

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Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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