BidaskClub upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a buy rating in a report published on Friday, October 19th.
Several other research firms have also weighed in on NSIT. Zacks Investment Research raised Insight Enterprises from a hold rating to a buy rating and set a $58.00 price target on the stock in a research report on Wednesday, July 25th. B. Riley boosted their price target on Insight Enterprises from $58.00 to $61.00 and gave the stock a buy rating in a research report on Thursday, August 2nd.
Shares of NASDAQ:NSIT traded down $0.73 during trading on Friday, hitting $51.22. 186,214 shares of the company were exchanged, compared to its average volume of 229,691. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.81 and a beta of 1.19. Insight Enterprises has a fifty-two week low of $32.10 and a fifty-two week high of $56.86. The company has a quick ratio of 1.28, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.
In other news, insider Samuel C. Cowley sold 6,000 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $53.06, for a total transaction of $318,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Ibarguen sold 5,000 shares of Insight Enterprises stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $53.55, for a total value of $267,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 15,827 shares of company stock valued at $859,173 over the last quarter. 1.77% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. bought a new stake in Insight Enterprises in the 2nd quarter valued at $108,000. Meeder Asset Management Inc. boosted its stake in Insight Enterprises by 7,465.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,253 shares of the software maker’s stock valued at $159,000 after purchasing an additional 3,210 shares during the period. Paloma Partners Management Co bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at $204,000. CIBC Asset Management Inc bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at $218,000. Finally, Eqis Capital Management Inc. bought a new stake in shares of Insight Enterprises during the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 95.83% of the company’s stock.
About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
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