Insight Enterprises, Inc. (NASDAQ:NSIT) – Equities research analysts at B. Riley lifted their Q1 2020 earnings per share estimates for shares of Insight Enterprises in a report issued on Thursday, November 7th. B. Riley analyst M. Wiesenberger now forecasts that the software maker will post earnings of $1.21 per share for the quarter, up from their previous estimate of $1.18. B. Riley currently 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.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, November 6th. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.03. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.99 billion. Insight Enterprises had a return on equity of 17.22% and a net margin of 2.40%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS.
Shares of NSIT opened at $63.28 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 13.67 and a beta of 1.21. Insight Enterprises has a fifty-two week low of $37.77 and a fifty-two week high of $66.47. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.29. The business’s 50-day moving average is $57.85 and its 200-day moving average is $54.87.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN grew its stake in shares of Insight Enterprises by 34.3% in the 2nd quarter. Wells Fargo & Company MN now owns 215,687 shares of the software maker’s stock valued at $12,554,000 after buying an additional 55,039 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Insight Enterprises by 3.6% in the 2nd quarter. Acadian Asset Management LLC now owns 288,308 shares of the software maker’s stock valued at $16,780,000 after buying an additional 10,016 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $40,910,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Insight Enterprises in the 3rd quarter valued at approximately $163,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $2,997,000. 99.04% of the stock is owned by institutional investors and hedge funds.
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.
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