Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $146.32 and last traded at $145.35, with a volume of 229516 shares changing hands. The stock had previously closed at $149.99.
Wall Street Analysts Forecast Growth
Separately, Barrington Research reduced their price target on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Insight Enterprises presently has an average rating of "Hold" and a consensus price target of $202.25.
Read Our Latest Report on NSIT
Insight Enterprises Trading Down 3.6 %
The firm has a market capitalization of $4.20 billion, a P/E ratio of 20.25, a PEG ratio of 1.40 and a beta of 1.31. The business has a 50-day moving average price of $159.06 and a 200-day moving average price of $171.45. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the prior year, the business earned $2.98 EPS. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.
Institutional Investors Weigh In On Insight Enterprises
Several large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in Insight Enterprises during the 4th quarter valued at about $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the 4th quarter worth approximately $33,000. J.Safra Asset Management Corp increased its stake in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after buying an additional 71 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the period.
About Insight Enterprises
(
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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.
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