Insight Enterprises (NASDAQ:NSIT) Stock Rating Upgraded by Zacks Investment Research

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Insight Enterprises (NASDAQ:NSIT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday, Zacks.com reports.

According to Zacks, “Insight Enterprises Inc., is a global direct marketer of brand name computers, hardware and software. It is an Arizona-based publicly traded global technology company that focuses on business-to-business and information technology capabilities. The company markets to small-and-medium-sized businesses, through a combination of a strong outbound telemarketing sales force, electronic commerce, electronic marketing and direct mail catalogs. The company offers an extensive assortment of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, together with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “

NSIT has been the subject of several other research reports. ValuEngine downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Wednesday. B. Riley reaffirmed a “buy” rating and set a $77.00 price target on shares of Insight Enterprises in a research note on Monday, February 10th. Finally, BidaskClub cut Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $65.75.

NASDAQ:NSIT opened at $59.15 on Friday. The company has a market capitalization of $2.12 billion, a PE ratio of 13.35 and a beta of 1.22. The company has a quick ratio of 1.47, a current ratio of 1.62 and a debt-to-equity ratio of 0.74. Insight Enterprises has a 52-week low of $46.28 and a 52-week high of $73.22. The stock has a fifty day simple moving average of $68.80 and a 200-day simple moving average of $60.54.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.61 by ($0.04). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.37 billion. Insight Enterprises had a return on equity of 17.32% and a net margin of 2.06%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm earned $1.32 EPS. As a group, equities analysts anticipate that Insight Enterprises will post 6.6 earnings per share for the current year.

In related news, Director Bruce Armstrong sold 3,523 shares of Insight Enterprises stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $66.13, for a total transaction of $232,975.99. Company insiders own 1.75% of the company’s stock.

A number of institutional investors have recently bought and sold shares of NSIT. Carroll Financial Associates Inc. purchased a new stake in Insight Enterprises in the 4th quarter valued at about $42,000. Parkside Financial Bank & Trust grew its holdings in Insight Enterprises by 14.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the software maker’s stock valued at $87,000 after buying an additional 156 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Insight Enterprises in the 4th quarter valued at about $130,000. PNC Financial Services Group Inc. grew its holdings in Insight Enterprises by 31.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,960 shares of the software maker’s stock valued at $137,000 after buying an additional 464 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Insight Enterprises in the 3rd quarter valued at about $163,000. Hedge funds and other institutional investors own 99.05% of the company’s stock.

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.

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