Equities Analysts Issue Forecasts for NSIT FY2024 Earnings

Insight Enterprises, Inc. (NASDAQ:NSIT) – Equities research analysts at Barrington Research dropped their FY2024 earnings estimates for Insight Enterprises in a report issued on Monday, November 4th. Barrington Research analyst V. Colicchio now anticipates that the software maker will earn $9.55 per share for the year, down from their prior estimate of $10.75. Barrington Research has a “Outperform” rating and a $205.00 price objective on the stock. The consensus estimate for Insight Enterprises’ current full-year earnings is $9.54 per share. Barrington Research also issued estimates for Insight Enterprises’ Q4 2024 earnings at $2.53 EPS and FY2025 earnings at $10.89 EPS.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th.

Insight Enterprises Stock Up 2.6 %

NASDAQ NSIT opened at $174.50 on Thursday. Insight Enterprises has a 52 week low of $141.73 and a 52 week high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $5.54 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48. The stock’s 50-day moving average price is $208.32 and its 200-day moving average price is $203.58.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter last year, the company earned $2.37 earnings per share.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.23% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in NSIT. Opal Wealth Advisors LLC bought a new position in Insight Enterprises during the second quarter valued at approximately $38,000. EntryPoint Capital LLC purchased a new stake in Insight Enterprises during the first quarter valued at $89,000. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after buying an additional 164 shares in the last quarter. Blue Trust Inc. raised its position in shares of Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after buying an additional 154 shares in the last quarter. Finally, First Foundation Advisors bought a new position in shares of Insight Enterprises in the 1st quarter valued at about $195,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.