Insight Enterprises, Inc. (NASDAQ:NSIT) insider Michael Guggemos sold 5,095 shares of Insight Enterprises stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $45.14, for a total transaction of $229,988.30. Following the completion of the sale, the insider now directly owns 10,021 shares of the company’s stock, valued at approximately $452,347.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) opened at 44.60 on Friday. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 19.22 and a beta of 1.91. The company has a 50 day moving average of $39.36 and a 200 day moving average of $34.38. Insight Enterprises, Inc. has a 1-year low of $23.31 and a 1-year high of $46.00.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, February 8th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. Insight Enterprises had a net margin of 1.54% and a return on equity of 13.13%. The firm earned $1.50 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Insight Enterprises, Inc. will post $2.85 earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of the stock. CNA Financial Corp increased its stake in shares of Insight Enterprises by 0.4% in the second quarter. CNA Financial Corp now owns 50,128 shares of the company’s stock valued at $1,303,000 after buying an additional 210 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Insight Enterprises by 0.5% in the third quarter. Great West Life Assurance Co. Can now owns 47,754 shares of the company’s stock valued at $1,553,000 after buying an additional 250 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Insight Enterprises by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,196 shares of the company’s stock valued at $135,000 after buying an additional 627 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Insight Enterprises by 2.1% in the third quarter. Wells Fargo & Company MN now owns 38,411 shares of the company’s stock valued at $1,250,000 after buying an additional 777 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. increased its stake in shares of Insight Enterprises by 0.7% in the third quarter. Eagle Boston Investment Management Inc. now owns 154,471 shares of the company’s stock valued at $5,028,000 after buying an additional 1,148 shares during the last quarter. 96.64% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, December 29th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Insight Enterprises in a research note on Thursday, January 12th.
Insight Enterprises Company Profile
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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