Insight Enterprises, Inc. (NASDAQ:NSIT) insider Rachael A. Bertrandt sold 380 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $65.64, for a total value of $24,943.20. Following the transaction, the insider now owns 1,439 shares of the company’s stock, valued at approximately $94,455.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NSIT stock opened at $64.88 on Tuesday. Insight Enterprises, Inc. has a 12 month low of $37.77 and a 12 month high of $66.91. The firm’s 50-day moving average is $62.27 and its 200 day moving average is $55.84. The company has a market capitalization of $2.31 billion, a PE ratio of 14.01 and a beta of 1.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.47.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Wednesday, November 6th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Insight Enterprises had a net margin of 2.28% and a return on equity of 17.21%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. Sell-side analysts forecast that Insight Enterprises, Inc. will post 5.46 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of NSIT. BlackRock Inc. grew its stake in Insight Enterprises by 2.0% in the second quarter. BlackRock Inc. now owns 5,392,404 shares of the software maker’s stock worth $313,837,000 after purchasing an additional 106,813 shares in the last quarter. Northern Trust Corp raised its position in Insight Enterprises by 3.5% during the 2nd quarter. Northern Trust Corp now owns 1,572,961 shares of the software maker’s stock valued at $91,547,000 after purchasing an additional 53,884 shares in the last quarter. LSV Asset Management raised its position in Insight Enterprises by 2.2% during the 2nd quarter. LSV Asset Management now owns 776,730 shares of the software maker’s stock valued at $45,205,000 after purchasing an additional 17,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Insight Enterprises in the 2nd quarter worth $40,910,000. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of Insight Enterprises by 0.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 533,000 shares of the software maker’s stock worth $31,021,000 after buying an additional 1,800 shares during the period. 99.05% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on NSIT shares. JPMorgan Chase & Co. initiated coverage on Insight Enterprises in a research note on Thursday, September 12th. They set an “overweight” rating and a $68.00 target price on the stock. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Friday, August 9th. ValuEngine downgraded Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, November 8th. B. Riley set a $79.00 target price on Insight Enterprises and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, BidaskClub upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $66.25.

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.

Further Reading: Quiet Period Expirations

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