Stock Buzzer: Is Buying Insight Enterprises, Inc. Here a Winning Strategy?

Stock Buzzer: Is Buying Insight Enterprises, Inc. Here a Winning Strategy?

The stock of Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week high and has $36.82 target or 8.00% above today’s $34.09 share price. The 7 months bullish chart indicates low risk for the $1.22B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $36.82 price target is reached, the company will be worth $97.60M 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 107,166 shares traded hands. Insight Enterprises, Inc. (NASDAQ:NSIT) has risen 21.71% since April 25, 2016 and is uptrending. It has outperformed by 15.70% the S&P500.

Analysts await Insight Enterprises, Inc. (NASDAQ:NSIT) to report earnings on February, 8. They expect $0.68 earnings per share, up 19.30% or $0.11 from last year’s $0.57 per share. NSIT’s profit will be $24.34M for 12.53 P/E if the $0.68 EPS becomes a reality. After $0.62 actual earnings per share reported by Insight Enterprises, Inc. for the previous quarter, Wall Street now forecasts 9.68% 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 stock has “Sell” rating given by Zacks on Friday, August 28. The rating was downgraded by Raymond James to “Market Perform” on Thursday, August 4.

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 increased to 1.29 in 2016 Q2. Its up 0.40, from 0.89 in 2016Q1. The ratio increased, 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.
State Of Tennessee Treasury Department accumulated 0% or 29,597 shares. Balyasny Asset Mgmt Lc owns 16,080 shares or 0% of their US portfolio. Financial Bank Of New York Mellon accumulated 425,428 shares or 0% of the stock. Nationwide Fund owns 267,033 shares or 0.03% of their US portfolio. Nordea Inv Management Ab last reported 0% of its portfolio in the stock. Pax Management Ltd Liability, a New Hampshire-based fund reported 11,877 shares. Barclays Public Limited Company has 1,704 shares for 0% of their US portfolio. Hbk L P, a Texas-based fund reported 10,200 shares. Royal Bank Of Canada accumulated 0% or 57,030 shares. Fmr Limited Liability Company owns 3.73 million shares or 0.01% of their US portfolio. Bnp Paribas Arbitrage Sa reported 12,478 shares or 0% of all its holdings. The Connecticut-based Trexquant Investment Lp has invested 0.05% in Insight Enterprises, Inc. (NASDAQ:NSIT). Third Avenue Mngmt Limited Com has invested 0.25% of its portfolio in Insight Enterprises, Inc. (NASDAQ:NSIT). Capstone Asset Management holds 0.01% or 18,013 shares in its portfolio. Moreover, Blackrock Fund Advsr has 0.01% invested in Insight Enterprises, Inc. (NASDAQ:NSIT) for 2.39 million shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 5 selling transactions for $970,774 net activity. Shares for $64,953 were sold by FISHER MICHAEL M on Monday, August 8. Guggemos Michael sold 7,360 shares worth $232,001. 7,000 Insight Enterprises, Inc. (NASDAQ:NSIT) shares with value of $188,819 were sold by Dodenhoff Steven W.. $474,666 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) shares were sold by EBERMANN WOLFGANG. $137,333 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) was sold by JONES ROBERTSON C on Tuesday, August 9. 1,986 shares were sold by LEIGHTY DANA A., worth $61,821.

More important recent Insight Enterprises, Inc. (NASDAQ:NSIT) news were published by: Seekingalpha.com which released: “Insight Enterprises Looks Intriguing After Datalink Acquisition” on November 15, 2016, also Globenewswire.com published article titled: “Insight Enterprises, Inc. Reports Third Quarter 2016 Results”, Bizjournals.com published: “Insight Enterprises buys Minnesota public company for $258M” on November 07, 2016. More interesting news about Insight Enterprises, Inc. (NASDAQ:NSIT) was released by: Thecabin.net and their article: “HPE enters labor agreement with Insight Enterprises” with publication date: April 05, 2016.

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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