According to Zacks, “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. “
Shares of Insight Enterprises (NASDAQ:NSIT) traded up 0.51% during midday trading on Wednesday, hitting $32.53. 99,516 shares of the stock were exchanged. The firm’s 50-day moving average is $31.12 and its 200-day moving average is $28.15. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 14.91 and a beta of 1.77. Insight Enterprises has a 12 month low of $18.26 and a 12 month high of $32.77.
Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, August 3rd. The company reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.22. The company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.71%. Insight Enterprises’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.68 earnings per share. Equities research analysts predict that Insight Enterprises will post $2.43 earnings per share for the current year.
In other Insight Enterprises news, insider Wolfgang Ebermann sold 15,000 shares of the firm’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $31.64, for a total value of $474,600.00. Following the completion of the transaction, the insider now owns 14,711 shares of the company’s stock, valued at $465,456.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robertson C. Jones sold 4,438 shares of the firm’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $30.94, for a total transaction of $137,311.72. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Insight Enterprises by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,987,608 shares of the company’s stock worth $77,677,000 after buying an additional 68,622 shares in the last quarter. BlackRock Fund Advisors boosted its position in Insight Enterprises by 1.0% in the second quarter. BlackRock Fund Advisors now owns 2,385,737 shares of the company’s stock worth $62,029,000 after buying an additional 22,987 shares in the last quarter. Pzena Investment Management LLC boosted its position in Insight Enterprises by 7.6% in the second quarter. Pzena Investment Management LLC now owns 1,317,814 shares of the company’s stock worth $34,263,000 after buying an additional 93,541 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Insight Enterprises by 0.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 949,584 shares of the company’s stock worth $27,196,000 after buying an additional 3,132 shares in the last quarter. Finally, State Street Corp boosted its position in Insight Enterprises by 6.5% in the first quarter. State Street Corp now owns 884,273 shares of the company’s stock worth $25,329,000 after buying an additional 53,726 shares in the last quarter. 98.61% of the stock is owned by institutional investors and hedge funds.
About Insight Enterprises
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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