B. Riley set a $79.00 target price on Insight Enterprises (NASDAQ:NSIT) in a research report released on Monday, TipRanks reports. The firm currently has a buy rating on the software maker’s stock.
NSIT has been the subject of several other research reports. BidaskClub upgraded shares of Insight Enterprises from a hold rating to a buy rating in a research report on Friday, September 27th. Zacks Investment Research upgraded shares of Insight Enterprises from a hold rating to a buy rating and set a $58.00 price objective for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. assumed coverage on shares of Insight Enterprises in a research report on Thursday, September 12th. They issued an overweight rating and a $68.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Insight Enterprises from $54.00 to $60.00 and gave the stock a hold rating in a research report on Monday, June 24th. Finally, ValuEngine cut shares of Insight Enterprises from a hold rating to a sell rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $66.25.
NSIT stock opened at $58.35 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.29. The company has a 50 day moving average price of $54.19 and a 200 day moving average price of $54.55. Insight Enterprises has a fifty-two week low of $37.77 and a fifty-two week high of $60.10. The stock has a market capitalization of $2.10 billion, a PE ratio of 12.60 and a beta of 1.19.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Tuesday, August 6th. The software maker reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.10. Insight Enterprises had a net margin of 2.40% and a return on equity of 17.22%. The firm had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.45 EPS. Insight Enterprises’s revenue was down .3% on a year-over-year basis. As a group, equities analysts expect that Insight Enterprises will post 4.98 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSIT. Nuveen Asset Management LLC acquired a new stake in Insight Enterprises during the 2nd quarter worth $40,910,000. APG Asset Management N.V. grew its holdings in Insight Enterprises by 163.5% during the 2nd quarter. APG Asset Management N.V. now owns 367,000 shares of the software maker’s stock worth $18,756,000 after acquiring an additional 227,700 shares during the period. BlackRock Inc. grew its holdings in Insight Enterprises by 2.0% during the 2nd quarter. BlackRock Inc. now owns 5,392,404 shares of the software maker’s stock worth $313,837,000 after acquiring an additional 106,813 shares during the period. Jacobs Levy Equity Management Inc. grew its holdings in Insight Enterprises by 1,102.1% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 114,084 shares of the software maker’s stock worth $6,640,000 after acquiring an additional 104,594 shares during the period. Finally, Schroder Investment Management Group acquired a new stake in Insight Enterprises during the 2nd quarter worth $3,824,000. 99.00% of the stock is owned by hedge funds and other institutional investors.
About Insight Enterprises
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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