Insight Enterprises, Inc. (NASDAQ:NSIT) CFO Helen Johnson sold 8,751 shares of the firm’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $45.23, for a total value of $395,807.73. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) opened at 45.57 on Wednesday. The firm’s 50-day moving average price is $39.15 and its 200-day moving average price is $34.23. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 19.64 and a beta of 1.91. Insight Enterprises, Inc. has a 52 week low of $23.31 and a 52 week high of $46.00.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, February 8th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.04. Insight Enterprises had a return on equity of 13.13% and a net margin of 1.54%. The firm had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts expect that Insight Enterprises, Inc. will post $2.85 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Teacher Retirement System of Texas increased its position in shares of Insight Enterprises by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,196 shares of the company’s stock worth $135,000 after buying an additional 627 shares during the period. Eqis Capital Management Inc. purchased a new position in shares of Insight Enterprises during the third quarter worth approximately $206,000. Algert Global LLC purchased a new position in shares of Insight Enterprises during the third quarter worth approximately $229,000. Zacks Investment Management purchased a new position in shares of Insight Enterprises during the third quarter worth approximately $246,000. Finally, Stanley Laman Group Ltd. purchased a new position in shares of Insight Enterprises during the third quarter worth approximately $251,000. Hedge funds and other institutional investors own 96.64% of the company’s stock.
Several equities research analysts recently commented on the company. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Insight Enterprises in a report on Thursday, January 12th. Zacks Investment Research lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, December 29th.
Insight Enterprises Company Profile
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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