Equities research analysts predict that Insight Enterprises, Inc. (NASDAQ:NSIT) will report earnings of $0.95 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Insight Enterprises’ earnings. The lowest EPS estimate is $0.88 and the highest is $1.00. Insight Enterprises reported earnings of $0.97 per share in the same quarter last year, which would indicate a negative year over year growth rate of 2.1%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 2nd.
On average, analysts expect that Insight Enterprises will report full-year earnings of $3.08 per share for the current year, with EPS estimates ranging from $3.06 to $3.09. For the next year, analysts anticipate that the business will post earnings of $3.34 per share, with EPS estimates ranging from $3.20 to $3.46. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Insight Enterprises.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.27. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. Insight Enterprises had a return on equity of 14.68% and a net margin of 1.58%. Insight Enterprises’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share.
Several analysts recently commented on the company. B. Riley reaffirmed a “neutral” rating and set a $48.00 price objective on shares of Insight Enterprises in a research note on Sunday, May 7th. Stifel Nicolaus raised their price objective on Insight Enterprises from $36.00 to $42.00 and gave the stock a “hold” rating in a research note on Thursday, May 4th. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Saturday, May 6th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Insight Enterprises in a research note on Thursday, May 4th. Finally, BidaskClub downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Insight Enterprises presently has a consensus rating of “Hold” and an average price target of $47.67.
Insight Enterprises (NSIT) traded up 0.55% on Friday, reaching $40.31. The company had a trading volume of 140,733 shares. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 15.91 and a beta of 1.64. The firm has a 50 day moving average price of $42.14 and a 200-day moving average price of $41.47. Insight Enterprises has a 12 month low of $24.23 and a 12 month high of $53.19.
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In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of Insight Enterprises stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $42.00, for a total value of $165,732.00. Following the sale, the chief financial officer now owns 39,643 shares of the company’s stock, valued at approximately $1,665,006. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.23% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Insight Enterprises by 32,650.5% in the first quarter. BlackRock Inc. now owns 4,523,829 shares of the software maker’s stock valued at $185,884,000 after buying an additional 4,510,016 shares in the last quarter. Norges Bank purchased a new stake in Insight Enterprises during the fourth quarter valued at about $18,477,000. Bank of Montreal Can increased its stake in Insight Enterprises by 493.1% in the second quarter. Bank of Montreal Can now owns 232,907 shares of the software maker’s stock valued at $9,314,000 after buying an additional 193,638 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in Insight Enterprises during the first quarter valued at about $7,935,000. Finally, Aberdeen Asset Management PLC UK increased its stake in Insight Enterprises by 23.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 945,702 shares of the software maker’s stock valued at $38,859,000 after buying an additional 180,256 shares in the last quarter. 97.85% of the stock is currently owned by hedge funds and other institutional investors.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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