Insight Enterprises (NASDAQ:NSIT) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Tuesday.

Several other equities analysts have also commented on NSIT. B. Riley reaffirmed a “buy” rating and set a $56.00 price target (up previously from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. Zacks Investment Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, ValuEngine lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $51.00.

Shares of Insight Enterprises (NASDAQ:NSIT) traded down $0.08 during mid-day trading on Tuesday, reaching $36.95. 127,600 shares of the company traded hands, compared to its average volume of 202,049. Insight Enterprises has a 1 year low of $35.26 and a 1 year high of $53.19. The company has a quick ratio of 1.59, a current ratio of 1.84 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $1,325.39, a price-to-earnings ratio of 11.76 and a beta of 1.56.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The firm had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business posted $0.62 earnings per share. Insight Enterprises’s revenue for the quarter was up 26.2% compared to the same quarter last year. sell-side analysts anticipate that Insight Enterprises will post 3.22 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in NSIT. Royce & Associates LP acquired a new stake in shares of Insight Enterprises in the second quarter worth $20,437,000. Thrivent Financial For Lutherans increased its position in shares of Insight Enterprises by 1,112.8% in the second quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock worth $17,642,000 after acquiring an additional 404,777 shares in the last quarter. Paradigm Capital Management Inc. NY increased its position in shares of Insight Enterprises by 59.3% in the second quarter. Paradigm Capital Management Inc. NY now owns 481,514 shares of the software maker’s stock worth $19,256,000 after acquiring an additional 179,214 shares in the last quarter. BlackRock Inc. increased its position in shares of Insight Enterprises by 3.2% in the second quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock worth $186,642,000 after acquiring an additional 143,348 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its position in shares of Insight Enterprises by 14.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock worth $43,179,000 after acquiring an additional 134,029 shares in the last quarter. 97.19% of the stock is owned by institutional investors.

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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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