Insight Enterprises, Inc. (NASDAQ:NSIT) CEO Kenneth T. Lamneck sold 15,000 shares of Insight Enterprises stock in a transaction on Monday, February 13th. The shares were sold at an average price of $45.54, for a total value of $683,100.00. Following the transaction, the chief executive officer now directly owns 140,543 shares of the company’s stock, valued at $6,400,328.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) traded down 1.125% on Thursday, hitting $44.385. The company’s stock had a trading volume of 90,569 shares. The stock’s 50-day moving average price is $39.25 and its 200-day moving average price is $34.31. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 19.131 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 posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.50 billion. Insight Enterprises had a return on equity of 13.13% and a net margin of 1.54%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS. Equities analysts expect that Insight Enterprises, Inc. will post $2.85 earnings per share for the current fiscal year.
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A number of brokerages have issued reports on NSIT. Zacks Investment Research cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Thursday, December 29th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Insight Enterprises in a report on Thursday, January 12th.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its position in 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 last quarter. Eqis Capital Management Inc. acquired a new position in Insight Enterprises during the third quarter worth $206,000. Algert Global LLC acquired a new position in Insight Enterprises during the third quarter worth $229,000. Zacks Investment Management acquired a new position in Insight Enterprises during the third quarter worth $246,000. Finally, Stanley Laman Group Ltd. acquired a new position in Insight Enterprises during the third quarter worth $251,000. 96.64% of the stock is currently owned by institutional investors and hedge funds.
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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