Several other research firms have also recently commented on NSIT. B. Riley restated a “buy” rating on shares of Insight Enterprises in a research note on Monday, April 29th. Stifel Nicolaus upped their price target on Insight Enterprises from $54.00 to $60.00 and gave the stock a “hold” rating in a research note on Monday, June 24th. Zacks Investment Research cut Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd. Finally, BidaskClub cut Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Insight Enterprises has a consensus rating of “Hold” and a consensus target price of $60.33.
Shares of Insight Enterprises stock traded down $1.66 during trading hours on Friday, hitting $53.39. 166,300 shares of the company were exchanged, compared to its average volume of 185,459. Insight Enterprises has a 1 year low of $37.77 and a 1 year high of $60.10. The company has a quick ratio of 1.39, a current ratio of 1.53 and a debt-to-equity ratio of 0.11. The firm has a 50-day simple moving average of $56.61. The firm has a market capitalization of $1.97 billion, a PE ratio of 11.53 and a beta of 1.20.
Large investors have recently added to or reduced their stakes in the business. Cascade Investment Advisors Inc. purchased a new position in Insight Enterprises in the second quarter worth $29,000. DekaBank Deutsche Girozentrale purchased a new position in Insight Enterprises in the second quarter worth $71,000. Cambria Investment Management L.P. purchased a new position in Insight Enterprises in the first quarter worth $175,000. Amalgamated Bank raised its position in Insight Enterprises by 27.4% in the fourth quarter. Amalgamated Bank now owns 5,220 shares of the software maker’s stock worth $213,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in Insight Enterprises in the first quarter worth $235,000. Hedge funds and other institutional investors own 97.87% of the company’s stock.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
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