BidaskClub cut shares of Insight Enterprises (NASDAQ:NSIT) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

Several other research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Insight Enterprises from a hold rating to a buy rating and set a $58.00 target price on the stock in a report on Wednesday, July 25th. B. Riley boosted their price objective on shares of Insight Enterprises from $58.00 to $61.00 and gave the stock a buy rating in a report on Thursday, August 2nd.

Shares of NSIT opened at $49.09 on Tuesday. The firm has a market capitalization of $1.92 billion, a P/E ratio of 15.03 and a beta of 1.28. Insight Enterprises has a one year low of $32.10 and a one year high of $56.86. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.16.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, August 1st. The software maker reported $1.45 EPS for the quarter, topping the consensus estimate of $1.26 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.84 billion. Insight Enterprises had a net margin of 1.69% and a return on equity of 16.42%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.14 EPS. On average, research analysts expect that Insight Enterprises will post 4.54 EPS for the current fiscal year.

In other news, Director Anthony Ibarguen sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $53.55, for a total transaction of $267,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Samuel C. Cowley sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $53.06, for a total transaction of $318,360.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,827 shares of company stock worth $859,173. Insiders own 1.77% of the company’s stock.

Large investors have recently bought and sold shares of the company. Macquarie Group Ltd. bought a new position in shares of Insight Enterprises during the 2nd quarter worth about $108,000. Meeder Asset Management Inc. boosted its position in shares of Insight Enterprises by 7,465.1% during the 2nd quarter. Meeder Asset Management Inc. now owns 3,253 shares of the software maker’s stock valued at $159,000 after acquiring an additional 3,210 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Insight Enterprises during the 1st quarter valued at about $168,000. Paloma Partners Management Co acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $204,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $218,000. Institutional investors own 95.05% of the company’s stock.

Insight Enterprises Company Profile

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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