Insight Enterprises (NASDAQ:NSIT) had its target price lowered by equities research analysts at B. Riley from $61.00 to $59.00 in a research report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the software maker’s stock. B. Riley’s target price indicates a potential upside of 26.77% from the company’s current price. B. Riley also issued estimates for Insight Enterprises’ Q4 2018 earnings at $1.11 EPS, FY2018 earnings at $4.41 EPS, Q3 2019 earnings at $1.12 EPS, Q4 2019 earnings at $1.13 EPS and FY2019 earnings at $4.52 EPS.

Several other equities research analysts also recently issued reports on the stock. BidaskClub downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Wednesday, July 25th.

NSIT stock traded up $0.97 during mid-day trading on Thursday, hitting $46.54. 305,906 shares of the company were exchanged, compared to its average volume of 238,342. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.60 billion, a PE ratio of 10.95 and a beta of 1.19. Insight Enterprises has a 1-year low of $32.10 and a 1-year high of $56.86.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.91 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.09). The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.84 billion. Insight Enterprises had a return on equity of 16.60% and a net margin of 1.83%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. As a group, research analysts expect that Insight Enterprises will post 4.42 EPS for the current year.

In other news, Director Anthony Ibarguen sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.55, for a total transaction of $267,750.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Samuel C. Cowley sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $53.06, for a total transaction of $318,360.00. The disclosure for this sale can be found here. Insiders have sold 15,827 shares of company stock worth $859,173 over the last ninety days. Insiders own 1.77% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Insight Enterprises by 4.1% during the third quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock worth $278,699,000 after purchasing an additional 201,482 shares during the period. Northern Trust Corp increased its holdings in shares of Insight Enterprises by 2.3% during the second quarter. Northern Trust Corp now owns 1,581,099 shares of the software maker’s stock worth $77,362,000 after purchasing an additional 35,657 shares during the period. Frontier Capital Management Co. LLC increased its holdings in shares of Insight Enterprises by 7.7% during the third quarter. Frontier Capital Management Co. LLC now owns 973,870 shares of the software maker’s stock worth $52,677,000 after purchasing an additional 69,222 shares during the period. Boston Partners increased its holdings in shares of Insight Enterprises by 3.3% during the second quarter. Boston Partners now owns 966,531 shares of the software maker’s stock worth $47,292,000 after purchasing an additional 30,598 shares during the period. Finally, LSV Asset Management increased its holdings in shares of Insight Enterprises by 9.4% during the third quarter. LSV Asset Management now owns 698,967 shares of the software maker’s stock worth $37,807,000 after purchasing an additional 59,767 shares during the period. 95.83% of the stock is currently owned by institutional investors.

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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