Insight Enterprises (NASDAQ:NSIT) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Insight Enterprises (NASDAQ:NSIT – Get Rating) in a report published on Thursday. The firm issued a hold rating on the software maker’s stock.

Several other research analysts have also issued reports on the company. Barrington Research raised their target price on Insight Enterprises from $125.00 to $150.00 and gave the stock an outperform rating in a research report on Friday, February 10th. Sidoti reaffirmed a neutral rating and set a $127.00 target price on shares of Insight Enterprises in a research report on Monday, February 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $131.25.

Insight Enterprises Stock Down 1.1 %

Shares of NSIT opened at $138.01 on Thursday. Insight Enterprises has a 52 week low of $81.11 and a 52 week high of $139.78. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.27 and a current ratio of 1.36. The stock has a fifty day moving average of $122.96 and a 200-day moving average of $103.75.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last announced its quarterly earnings results on Thursday, February 9th. The software maker reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.13 by $0.40. Insight Enterprises had a return on equity of 19.98% and a net margin of 2.69%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.61 billion. During the same period in the prior year, the company earned $2.03 EPS. Insight Enterprises’s revenue was down 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Insight Enterprises will post 10 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In other Insight Enterprises news, Director Holdings L.P. Valueact acquired 38,237 shares of the stock in a transaction dated Thursday, February 16th. The stock was purchased at an average cost of $128.62 per share, with a total value of $4,918,042.94. Following the transaction, the director now owns 4,507,306 shares in the company, valued at approximately $579,729,697.72. The acquisition was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders acquired 60,663 shares of company stock valued at $7,759,175. Corporate insiders own 1.61% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Raymond James & Associates grew its stake in shares of Insight Enterprises by 14.3% in the 1st quarter. Raymond James & Associates now owns 3,020 shares of the software maker’s stock valued at $324,000 after buying an additional 377 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Insight Enterprises in the 1st quarter valued at about $410,000. Bank of Montreal Can grew its stake in shares of Insight Enterprises by 7.6% in the 1st quarter. Bank of Montreal Can now owns 11,631 shares of the software maker’s stock valued at $1,268,000 after buying an additional 826 shares during the period. MetLife Investment Management LLC grew its stake in shares of Insight Enterprises by 54.0% in the 1st quarter. MetLife Investment Management LLC now owns 18,092 shares of the software maker’s stock valued at $1,942,000 after buying an additional 6,347 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Insight Enterprises by 2.5% in the 1st quarter. Rhumbline Advisers now owns 101,604 shares of the software maker’s stock valued at $10,904,000 after buying an additional 2,524 shares during the period.

Insight Enterprises Company Profile

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Insight Enterprises, Inc is a global provider of information technology, services, and cloud solutions to worldwide enterprises, governments, schools, and healthcare organizations. It helps businesses define, architect, implement, and manage Intelligent Technology Solutions in North America, Europe, the Middle East, Africa, and Asia-Pacific.