Insight Enterprises, Inc. (NASDAQ:NSIT) Insider Rachael A. Bertrandt Sells 380 Shares

Insight Enterprises, Inc. (NASDAQ:NSIT) insider Rachael A. Bertrandt sold 380 shares of Insight Enterprises stock in a transaction 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 sale, the insider now directly owns 1,439 shares of the company’s stock, valued at approximately $94,455.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of NASDAQ:NSIT traded down $0.71 on Monday, reaching $64.88. The company had a trading volume of 130,931 shares, compared to its average volume of 234,070. Insight Enterprises, Inc. has a twelve month low of $37.77 and a twelve month high of $66.91. The stock has a 50-day moving average price of $61.71 and a 200 day moving average price of $55.68. The stock has a market capitalization of $2.31 billion, a P/E ratio of 14.01 and a beta of 1.22. The company has a quick ratio of 1.47, a current ratio of 1.60 and a debt-to-equity ratio of 0.76.

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

Several large investors have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of 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 buying an additional 106,813 shares during the last quarter. Northern Trust Corp lifted its position in shares of Insight Enterprises by 3.5% in the second quarter. Northern Trust Corp now owns 1,572,961 shares of the software maker’s stock worth $91,547,000 after buying an additional 53,884 shares during the last quarter. LSV Asset Management lifted its position in shares of Insight Enterprises by 2.2% in the second quarter. LSV Asset Management now owns 776,730 shares of the software maker’s stock worth $45,205,000 after buying an additional 17,000 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Insight Enterprises in the second quarter worth about $40,910,000. Finally, Paradigm Capital Management Inc. NY lifted its position in shares of Insight Enterprises by 0.3% in the second 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 last quarter. 99.05% of the stock is owned by institutional investors.

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

About Insight Enterprises

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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