The stock of Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week high and has $40.93 target or 24.00% above today’s $33.01 share price. The 9 months bullish chart indicates low risk for the $1.18B company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $40.93 price target is reached, the company will be worth $283.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 84,417 shares traded hands. Insight Enterprises, Inc. (NASDAQ:NSIT) has risen 17.83% since March 16, 2016 and is uptrending. It has outperformed by 12.29% the S&P500.
Analysts await Insight Enterprises, Inc. (NASDAQ:NSIT) to report earnings on October, 26. They expect $0.53 earnings per share, down 10.17% or $0.06 from last year’s $0.59 per share. NSIT’s profit will be $18.95 million for 15.57 P/E if the $0.53 EPS becomes a reality. After $0.97 actual earnings per share reported by Insight Enterprises, Inc. for the previous quarter, Wall Street now forecasts -45.36% negative EPS growth.
Insight Enterprises, Inc. (NASDAQ:NSIT) Ratings Coverage
Out of 2 analysts covering Insight Enterprises (NASDAQ:NSIT), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Insight Enterprises has been the topic of 2 analyst reports since August 28, 2015 according to StockzIntelligence Inc. The rating was downgraded by Raymond James to “Market Perform” on Thursday, August 4. The rating was upgraded by Zacks on Friday, August 28 to “Sell”.
According to Zacks Investment Research, “Insight is a global direct marketer of brand name computers, hardware and software. The company markets to small-and-medium-sized businesses, through a combination of a strong outbound telemarketing sales force, electronic commerce, electronic marketing and direct mail catalogs. The company offers an extensive assortment of computer hardware and software. The company’s sales force, aggressive marketing strategies and streamlined distribution, together with its advanced proprietary information system, have resulted in high customer loyalty and strong, profitable growth.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.56, from 1.45 in 2016Q1. The ratio fall, as 18 funds sold all Insight Enterprises, Inc. shares owned while 63 reduced positions. 15 funds bought stakes while 57 increased positions. They now own 34.10 million shares or 4.13% less from 35.57 million shares in 2016Q1.
The California-based Gemmer Asset Mngmt Limited Liability Corporation has invested 0% in Insight Enterprises, Inc. (NASDAQ:NSIT). Malaga Cove Capital Ltd Liability Corporation last reported 1.01% of its portfolio in the stock. Clinton holds 0.01% or 11,150 shares in its portfolio. Moreover, Victory Capital Management has 0% invested in Insight Enterprises, Inc. (NASDAQ:NSIT) for 2,962 shares. Ameriprise Financial Inc last reported 393,670 shares in the company. Moreover, Hbk Invests Limited Partnership has 0% invested in Insight Enterprises, Inc. (NASDAQ:NSIT) for 10,200 shares. The Ohio-based Strs Ohio has invested 0% in Insight Enterprises, Inc. (NASDAQ:NSIT). State Street Corp has 0% invested in the company for 864,275 shares. Tudor Et Al has 26,231 shares for 0.01% of their US portfolio. Frontier Ltd Liability Company, a Massachusetts-based fund reported 750,872 shares. Piedmont Investment Advsr Limited Liability Com owns 88 shares or 0% of their US portfolio. Boston Prtnrs holds 0.02% of its portfolio in Insight Enterprises, Inc. (NASDAQ:NSIT) for 594,363 shares. Guggenheim has invested 0.01% of its portfolio in Insight Enterprises, Inc. (NASDAQ:NSIT). Aristotle Boston Llc has 112,148 shares for 0.65% of their US portfolio. Blackrock Fund Advisors last reported 2.39 million shares in the company.
Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 9 selling transactions for $1.65 million net activity. $232,001 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) was sold by Guggemos Michael. PUSHOR KATHLEEN S sold $122,592 worth of stock or 5,000 shares. 10,000 shares were sold by BRYAN GLYNIS, worth $265,000 on Wednesday, May 25. LEIGHTY DANA A. sold 1,986 shares worth $61,821. JONES ROBERTSON C sold 4,438 shares worth $137,333. EBERMANN WOLFGANG sold $474,666 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) on Monday, August 15. 7,000 shares were sold by Dodenhoff Steven W., worth $188,819.
More news for Insight Enterprises, Inc. (NASDAQ:NSIT) were recently published by: Globenewswire.com, which released: “Insight Enterprises, Inc. to Report Second Quarter 2016 Financial Results on …” on July 20, 2016. Globenewswire.com‘s article titled: “Insight Enterprises, Inc. Reports First Quarter 2016 Results” and published on April 28, 2016 is yet another important article.
NSIT Company Profile
Insight Enterprises, Inc., incorporated on June 4, 1991, is a well-known provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Firm 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. The Firm operates in three divisions: North America, EMEA and APAC. The Company’s offerings in North America and select countries in Europe, the Middle East and Africa (EMEA) include a suite of IT hardware, software and services solutions. The Company’s offerings in the remainder of its EMEA segment and in APAC are software and select software-related services.
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