B. Riley Reiterates “Buy” Rating for Insight Enterprises (NSIT)

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “buy” rating reaffirmed by B. Riley in a research note issued on Tuesday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, January 3rd. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.00.

Shares of Insight Enterprises (NASDAQ:NSIT) opened at $35.18 on Tuesday. The company has a quick ratio of 1.59, a current ratio of 1.84 and a debt-to-equity ratio of 0.65. Insight Enterprises has a 12 month low of $32.10 and a 12 month high of $53.19. The firm has a market capitalization of $1,260.00, a P/E ratio of 13.03 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, February 14th. The software maker reported $0.81 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.02. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The firm had revenue of $1.78 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business earned $0.72 earnings per share. The company’s revenue for the quarter was up 21.6% compared to the same quarter last year. research analysts anticipate that Insight Enterprises will post 3.22 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of NSIT. Macquarie Group Ltd. purchased a new stake in Insight Enterprises during the third quarter worth $156,000. CIBC Asset Management Inc purchased a new stake in Insight Enterprises during the third quarter worth $205,000. Eqis Capital Management Inc. purchased a new stake in Insight Enterprises during the third quarter worth $211,000. Amalgamated Bank purchased a new stake in Insight Enterprises during the third quarter worth $223,000. Finally, Highbridge Capital Management LLC purchased a new stake in Insight Enterprises during the third quarter worth $333,000. Institutional investors own 95.16% of the company’s stock.

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About Insight Enterprises

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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