Insight Enterprises (NASDAQ:NSIT) Downgraded by StockNews.com to “Hold”

Insight Enterprises (NASDAQ:NSIT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other research analysts have also recently commented on NSIT. JPMorgan Chase & Co. upped their price target on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Barrington Research increased their price objective on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Finally, Stifel Nicolaus increased their price objective on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th.

Insight Enterprises Stock Down 0.4 %

NSIT stock opened at $199.64 on Friday. The stock’s fifty day simple moving average is $199.27 and its two-hundred day simple moving average is $189.16. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Insight Enterprises has a 1-year low of $131.59 and a 1-year high of $212.44. The stock has a market cap of $6.50 billion, a P/E ratio of 25.11, a P/E/G ratio of 1.55 and a beta of 1.49.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Analysts expect that Insight Enterprises will post 10.78 EPS for the current year.

Insider Buying and Selling

In other Insight Enterprises news, insider Adrian P. Gregory sold 2,750 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total value of $538,532.50. Following the transaction, the insider now directly owns 3,447 shares in the company, valued at approximately $675,026.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the transaction, the director now directly owns 4,061,739 shares in the company, valued at approximately $781,844,140.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total value of $538,532.50. Following the transaction, the insider now owns 3,447 shares in the company, valued at $675,026.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 462,750 shares of company stock valued at $89,169,833. Corporate insiders own 1.23% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in Insight Enterprises during the 4th quarter worth approximately $40,000. SRS Capital Advisors Inc. bought a new position in Insight Enterprises during the 4th quarter worth approximately $46,000. Signaturefd LLC grew its position in Insight Enterprises by 26.9% during the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after acquiring an additional 83 shares during the last quarter. Anchor Investment Management LLC bought a new position in Insight Enterprises during the 4th quarter worth approximately $89,000. Finally, EntryPoint Capital LLC bought a new position in Insight Enterprises during the 1st quarter worth approximately $89,000.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.