Insight Enterprises, Inc. (NSIT) Rating Reiterated by B. Riley

B. Riley restated their buy rating on shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in a research report report published on Wednesday, November 8th. They currently have a $56.00 target price on the software maker’s stock, up from their previous target price of $54.50. B. Riley also issued estimates for Insight Enterprises’ Q4 2017 earnings at $0.82 EPS, FY2017 earnings at $3.25 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $0.96 EPS and FY2018 earnings at $3.58 EPS.

A number of other brokerages also recently issued reports on NSIT. Zacks Investment Research raised Insight Enterprises from a hold rating to a buy rating and set a $52.00 price target for the company in a report on Saturday, August 5th. Stifel Nicolaus restated a hold rating and issued a $45.00 price objective (up from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Finally, BidaskClub cut Insight Enterprises from a hold rating to a sell rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and an average price target of $51.00.

Shares of Insight Enterprises (NASDAQ NSIT) opened at $37.29 on Wednesday. Insight Enterprises has a twelve month low of $33.75 and a twelve month high of $53.19. The company has a market capitalization of $1,330.00, a PE ratio of 11.67 and a beta of 1.63. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $0.62 earnings per share. Insight Enterprises’s revenue for the quarter was up 26.2% on a year-over-year basis. analysts expect that Insight Enterprises will post 3.22 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Highbridge Capital Management LLC purchased a new stake in shares of Insight Enterprises during the third quarter worth approximately $333,000. Allianz Asset Management GmbH increased its position in shares of Insight Enterprises by 95.4% during the third quarter. Allianz Asset Management GmbH now owns 84,125 shares of the software maker’s stock worth $3,863,000 after purchasing an additional 41,082 shares in the last quarter. KBC Group NV increased its position in shares of Insight Enterprises by 33.1% during the third quarter. KBC Group NV now owns 45,620 shares of the software maker’s stock worth $2,095,000 after purchasing an additional 11,357 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Insight Enterprises by 3.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 430,139 shares of the software maker’s stock worth $19,752,000 after purchasing an additional 13,015 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Insight Enterprises during the third quarter worth approximately $2,202,000. Institutional investors and hedge funds own 95.67% of the company’s stock.

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Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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