Insight Enterprises, Inc. (NSIT) Cut to Hold at Zacks Investment Research
According to Zacks, “Insight is a global direct marketer of brand name computers, hardware and software. 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. “
Separately, Raymond James Financial, Inc. reiterated an underperform rating on shares of Insight Enterprises in a research note on Thursday, January 12th.
Shares of Insight Enterprises (NASDAQ:NSIT) traded down 0.82% on Wednesday, reaching $43.37. 23,055 shares of the company’s stock traded hands. Insight Enterprises has a 52 week low of $23.31 and a 52 week high of $46.00. The stock has a market capitalization of $1.54 billion, a PE ratio of 18.69 and a beta of 1.91. The company has a 50 day moving average of $42.00 and a 200-day moving average of $36.27.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. Insight Enterprises had a net margin of 1.54% and a return on equity of 13.13%. The company earned $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. Insight Enterprises’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities research analysts forecast that Insight Enterprises will post $2.85 earnings per share for the current year.
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In other news, Director Anthony Ibarguen sold 4,000 shares of the company’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $45.53, for a total value of $182,120.00. Following the completion of the transaction, the director now directly owns 5,710 shares in the company, valued at $259,976.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dana A. Leighty sold 4,649 shares of the company’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $42.45, for a total transaction of $197,350.05. Following the completion of the transaction, the vice president now owns 5,404 shares of the company’s stock, valued at $229,399.80. The disclosure for this sale can be found here. Insiders sold 44,769 shares of company stock valued at $2,004,931 over the last 90 days. Insiders own 1.23% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in NSIT. Eqis Capital Management Inc. purchased a new position in shares of Insight Enterprises during the third quarter valued at $206,000. Algert Global LLC purchased a new position in shares of Insight Enterprises during the third quarter valued at $229,000. Zacks Investment Management purchased a new position in shares of Insight Enterprises during the third quarter valued at $246,000. Stanley Laman Group Ltd. purchased a new position in shares of Insight Enterprises during the third quarter valued at $251,000. Finally, Stevens Capital Management LP purchased a new position in shares of Insight Enterprises during the third quarter valued at $280,000. Institutional investors and hedge funds own 96.64% of the company’s stock.
Insight Enterprises Company Profile
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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