Insight Enterprises, Inc. (NASDAQ:NSIT) – Equities research analysts at B. Riley raised their Q1 2020 earnings per share estimates for Insight Enterprises in a note issued to investors on Thursday, November 7th. B. Riley analyst M. Wiesenberger now expects that the software maker will post earnings per share of $1.21 for the quarter, up from their previous estimate of $1.18. B. Riley has a “Buy” rating and a $79.00 price target on the stock. B. Riley also issued estimates for Insight Enterprises’ Q2 2020 earnings at $1.78 EPS, Q4 2020 earnings at $1.53 EPS, FY2020 earnings at $6.35 EPS and FY2021 earnings at $6.79 EPS.
A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Friday, August 9th. BidaskClub raised shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. ValuEngine upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. began coverage on shares of Insight Enterprises in a report on Thursday, September 12th. They issued an “overweight” rating and a $68.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Insight Enterprises has a consensus rating of “Buy” and a consensus price target of $66.25.
Insight Enterprises stock traded down $0.19 during trading on Friday, reaching $63.28. 317,900 shares of the company’s stock were exchanged, compared to its average volume of 234,155. The company’s 50-day moving average is $57.66 and its two-hundred day moving average is $54.84. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.29 and a current ratio of 1.38. Insight Enterprises has a 52-week low of $37.77 and a 52-week high of $66.47. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 13.67 and a beta of 1.21.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, November 6th. The software maker reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.03. Insight Enterprises had a net margin of 2.40% and a return on equity of 17.22%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the prior year, the company earned $0.91 EPS. The firm’s revenue was up 9.4% on a year-over-year basis.
Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN lifted its holdings in Insight Enterprises by 34.3% in the 2nd quarter. Wells Fargo & Company MN now owns 215,687 shares of the software maker’s stock worth $12,554,000 after buying an additional 55,039 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Insight Enterprises by 3.6% in the 2nd quarter. Acadian Asset Management LLC now owns 288,308 shares of the software maker’s stock worth $16,780,000 after buying an additional 10,016 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Insight Enterprises in the 2nd quarter worth $40,910,000. Robeco Institutional Asset Management B.V. acquired a new position in Insight Enterprises in the 3rd quarter worth $163,000. Finally, Hennessy Advisors Inc. acquired a new position in Insight Enterprises in the 2nd quarter worth $2,997,000. Hedge funds and other institutional investors own 99.04% of the company’s stock.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.