Insight Enterprises (NASDAQ: NSIT) recently received a number of ratings updates from brokerages and research firms:

  • 8/9/2017 – Insight Enterprises was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/8/2017 – Insight Enterprises was upgraded by analysts at B. Riley to a “buy” rating. They now have a $54.50 price target on the stock.
  • 8/6/2017 – Insight Enterprises had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $48.00 price target on the stock.
  • 8/5/2017 – Insight Enterprises was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $52.00 price target on the stock. 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. “
  • 8/3/2017 – Insight Enterprises was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $54.50 price target on the stock, up previously from $48.00.
  • 8/3/2017 – Insight Enterprises had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock, up previously from $42.00.
  • 8/1/2017 – Insight Enterprises had its “neutral” rating reaffirmed by analysts at B. Riley. They now have a $48.00 price target on the stock.
  • 7/5/2017 – Insight Enterprises was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. 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. “

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) opened at 38.45 on Tuesday. The firm has a 50-day moving average price of $41.35 and a 200 day moving average price of $42.07. Insight Enterprises, Inc. has a 1-year low of $28.15 and a 1-year high of $53.19. The company has a market cap of $1.38 billion, a PE ratio of 14.28 and a beta of 1.63.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.19. Insight Enterprises had a return on equity of 14.93% and a net margin of 1.61%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the company earned $0.97 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts anticipate that Insight Enterprises, Inc. will post $3.23 earnings per share for the current year.

In other news, CFO Glynis Bryan sold 3,946 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $42.00, for a total value of $165,732.00. Following the transaction, the chief financial officer now owns 39,643 shares in the company, valued at $1,665,006. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.38% of the stock is owned by company insiders.

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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