Recent analyst ratings updates for Insight Enterprises (NSIT)

Insight Enterprises (NASDAQ: NSIT) recently received a number of rating updates from brokerages and research firms:

• 06/07/2022 – Insight Enterprises has been upgraded by Zacks Investment Research analysts from a “hold” rating to a “buy” rating. They now have a price target of $112.00 on the stock. According to Zacks, “Insight Enterprises Inc. is a worldwide direct distributor of brand name computers, hardware and software. It is a publicly traded global technology company based in Arizona that focuses on business-to-business capabilities and information technology. The company caters to small and medium-sized businesses, through a combination of a strong outbound telemarketing, e-commerce, e-marketing and direct mail catalog sales force. The company offers a wide range of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, along with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
• 04/06/2022 – Insight Enterprises has been downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Insight Enterprises Inc. is a worldwide direct distributor of brand name computers, hardware and software. It is a publicly traded global technology company based in Arizona that focuses on business-to-business capabilities and information technology. The company caters to small and medium-sized businesses, through a combination of a strong outbound telemarketing, e-commerce, e-marketing and direct mail catalog sales force. The company offers a wide range of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, along with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
• 05/27/2022 – Insight Enterprises has been upgraded by Zacks Investment Research analysts from a “hold” rating to a “buy” rating. They now have a price target of $106.00 on the stock. According to Zacks, “Insight Enterprises Inc. is a worldwide direct distributor of brand name computers, hardware and software. It is a publicly traded global technology company based in Arizona that focuses on business-to-business capabilities and information technology. The company caters to small and medium-sized businesses, through a combination of a strong outbound telemarketing, e-commerce, e-marketing and direct mail catalog sales force. The company offers a wide range of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, along with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
• 05/26/2022 – Insight Enterprises has been downgraded by Zacks Investment Research analysts from a “buy” rating to a “hold” rating. According to Zacks, “Insight Enterprises Inc. is a worldwide direct distributor of brand name computers, hardware and software. It is a publicly traded global technology company based in Arizona that focuses on business-to-business capabilities and information technology. The company caters to small and medium-sized businesses, through a combination of a strong outbound telemarketing, e-commerce, e-marketing and direct mail catalog sales force. The company offers a wide range of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, along with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
• 05/11/2022 – Insight Enterprises has been downgraded by StockNews.com analysts from a “buy” rating to a “hold” rating.
• 05/10/2022 – Insight Enterprises has been upgraded by Zacks Investment Research analysts from a “hold” rating to a “buy” rating. They now have a price target of $114.00 on the stock. According to Zacks, “Insight Enterprises Inc. is a worldwide direct distributor of brand name computers, hardware and software. It is a publicly traded global technology company based in Arizona that focuses on business-to-business capabilities and information technology. The company caters to small and medium-sized businesses, through a combination of a strong outbound telemarketing, e-commerce, e-marketing and direct mail catalog sales force. The company offers a wide range of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, along with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “
• 04/14/2022 – Insight Enterprises has been downgraded by Zacks Investment Research analysts from a “buy” rating to a “hold” rating. According to Zacks, “Insight Enterprises Inc. is a worldwide direct distributor of brand name computers, hardware and software. It is a publicly traded global technology company based in Arizona that focuses on business-to-business capabilities and information technology. The company caters to small and medium-sized businesses, through a combination of a strong outbound telemarketing, e-commerce, e-marketing and direct mail catalog sales force. The company offers a wide range of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, along with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth. “

The NASDAQ NSIT opened at $100.71 on Thursday. The company has a debt ratio of 0.24, a current ratio of 1.41 and a quick ratio of 1.26. Insight Enterprises, Inc. has a one-year low of $88.28 and a one-year high of $111.02. The company has a 50-day simple moving average of $100.33 and a 200-day simple moving average of $101.28. The stock has a market capitalization of $3.53 billion, a P/E ratio of 15.96, a P/E/G ratio of 1.06 and a beta of 1.65.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last reported quarterly earnings data on Thursday, May 5. The software maker reported EPS of $1.81 for the quarter, beating consensus analyst estimates of $1.60 by $0.21. Insight Enterprises had a return on equity of 18.24% and a net margin of 2.35%. The company posted revenue of $2.65 billion in the quarter, compared to $2.41 billion expected by analysts. In the same quarter last year, the company posted earnings per share of $1.30. The company’s revenue for the quarter increased by 20.9% compared to the same quarter last year. Stock analysts expect Insight Enterprises, Inc. to post earnings per share of 8.06 for the current year.

In other news, insider Samuel C. Cowley sold 5,343 shares of the company in a trade that took place on Monday, May 9. The stock was sold at an average price of $100.68, for a total value of $537,933.24. Following the transaction, the insider now owns 25,000 shares of the company, valued at $2,517,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Director Holdings LP Valueact purchased 18,883 shares of the company in a trade dated Wednesday, May 18. The stock was purchased at an average price of $99.92 per share, for a total transaction of $1,886,789.36. Following the acquisition, the administrator now directly owns 3,779,226 shares of the company, valued at $377,620,261.92. Disclosure of this purchase can be found here. Insiders have acquired 298,883 shares of the company valued at $29,223,189 over the past three months. Insiders own 1.61% of the shares of the company.

Hedge funds have recently been buying and selling shares of the company. ValueAct Holdings LP increased its stake in Insight Enterprises by 16.9% during the third quarter. ValueAct Holdings LP now owns 3,324,835 shares of the software maker worth $299,501,000 after acquiring an additional 481,145 shares during the period. Capital Research Global Investors increased its stake in Insight Enterprises by 173.7% during the first quarter. Capital Research Global Investors now owns 752,800 shares of the software maker worth $80,790,000 after acquiring an additional 477,800 shares during the period. Norges Bank acquired a new stake in Insight Enterprises during the fourth quarter valued at $34,724,000. Goldman Sachs Group Inc. increased its holdings in Insight Enterprises by 379.8% during the first quarter. Goldman Sachs Group Inc. now owns 409,417 shares of the software maker worth $43,939,000 after acquiring an additional 324,079 shares during the period. Finally, Capital World Investors acquired a new stake in Insight Enterprises during the third quarter at a value of $27,660,000.

IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software and services solutions in the United States, Canada, Europe, the Middle East, Africa and Asia-Pacific . The company’s solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and Edge and IoT solutions, and transformation services.

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