Insight Enterprises Inc. (NASDAQ:NSIT) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating.
Analysts have set a one year consensus price target of $30.00 for the company and are expecting that the company will post $0.68 EPS for the current quarter, according to Zacks. Zacks has also given Insight Enterprises an industry rank of 99 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th.
Institutional investors have recently modified their holdings of the stock. Emerald Acquisition Ltd. acquired a new position in shares of Insight Enterprises during the second quarter valued at $8,613,000. Rothschild Asset Management Inc. raised its position in shares of Insight Enterprises by 8.8% in the second quarter. Rothschild Asset Management Inc. now owns 124,676 shares of the company’s stock valued at $3,242,000 after buying an additional 10,084 shares during the last quarter. Swiss National Bank raised its position in shares of Insight Enterprises by 2.0% in the second quarter. Swiss National Bank now owns 62,500 shares of the company’s stock valued at $1,625,000 after buying an additional 1,200 shares during the last quarter. First Midwest Bank Trust Division raised its position in shares of Insight Enterprises by 47.2% in the second quarter. First Midwest Bank Trust Division now owns 12,452 shares of the company’s stock valued at $324,000 after buying an additional 3,995 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Insight Enterprises by 2.9% in the second quarter. Strs Ohio now owns 32,300 shares of the company’s stock valued at $839,000 after buying an additional 900 shares during the last quarter. 97.68% of the stock is currently owned by hedge funds and other institutional investors.
Insight Enterprises (NASDAQ:NSIT) traded down 0.38% on Monday, reaching $34.29. 37,544 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.22 billion, a PE ratio of 15.39 and a beta of 1.95. The firm has a 50 day moving average of $31.93 and a 200 day moving average of $29.31. Insight Enterprises has a 12 month low of $18.26 and a 12 month high of $34.57.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, October 27th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.53 by $0.09. The business earned $1.39 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.59%. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. Equities analysts predict that Insight Enterprises will post $2.48 earnings per share for the current fiscal year.
Insight Enterprises Company Profile
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.