Insight Enterprises (NSIT) Hits New 12-Month High at $58.31
Insight Enterprises, Inc. (NASDAQ:NSIT) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $58.31 and last traded at $57.82, with a volume of 3053 shares changing hands. The stock had previously closed at $57.20.
NSIT has been the topic of several analyst reports. BidaskClub raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, December 22nd. ValuEngine raised Insight Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research raised Insight Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th.
The stock has a market cap of $2.02 billion, a PE ratio of 12.28 and a beta of 1.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.52 and a quick ratio of 1.43.
Hedge funds have recently bought and sold shares of the business. NumerixS Investment Technologies Inc purchased a new position in Insight Enterprises in the fourth quarter worth $40,000. Sun Life Financial INC purchased a new position in Insight Enterprises in the fourth quarter worth $65,000. Quantamental Technologies LLC purchased a new position in Insight Enterprises in the fourth quarter worth $137,000. Amalgamated Bank boosted 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 purchasing an additional 1,122 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new position in Insight Enterprises in the fourth quarter worth $215,000. 98.47% of the stock is currently owned by institutional investors and hedge funds.
About Insight Enterprises (NASDAQ:NSIT)
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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