BidaskClub upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a buy rating in a research report report published on Friday morning.
NSIT has been the subject of several other reports. B. Riley boosted their price objective on Insight Enterprises from $58.00 to $61.00 and gave the company a buy rating in a research report on Thursday, August 2nd. 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 research report on Wednesday, July 25th.
Shares of Insight Enterprises stock traded down $2.59 during trading on Friday, hitting $47.82. 208,604 shares of the company were exchanged, compared to its average volume of 207,862. The firm has a market capitalization of $1.79 billion, a P/E ratio of 14.76 and a beta of 1.28. Insight Enterprises has a 1-year low of $32.10 and a 1-year high of $56.86. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.16.
In related news, insider Samuel C. Cowley sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $53.06, for a total value of $318,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Ibarguen sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $53.55, for a total value of $267,750.00. The disclosure for this sale can be found here. Insiders sold a total of 15,827 shares of company stock valued at $859,173 over the last quarter. 1.77% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. bought a new stake in Insight Enterprises in the 2nd quarter valued at approximately $108,000. Meeder Asset Management Inc. lifted its stake in Insight Enterprises by 7,465.1% in the 2nd quarter. Meeder Asset Management Inc. now owns 3,253 shares of the software maker’s stock valued at $159,000 after acquiring an additional 3,210 shares in the last quarter. Paloma Partners Management Co bought a new stake in Insight Enterprises in the 2nd quarter valued at approximately $204,000. CIBC Asset Management Inc bought a new stake in Insight Enterprises in the 2nd quarter valued at approximately $218,000. Finally, Eqis Capital Management Inc. bought a new stake in Insight Enterprises in the 2nd quarter valued at approximately $219,000. Hedge funds and other institutional investors own 95.26% of the company’s stock.
Insight Enterprises Company Profile
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.
See Also: Average Daily Trade Volume – ADTV
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.