Equities analysts forecast that Insight Enterprises, Inc. (NASDAQ:NSIT) will post earnings of $1.23 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Insight Enterprises’ earnings, with the highest EPS estimate coming in at $1.24 and the lowest estimate coming in at $1.20. Insight Enterprises posted earnings per share of $1.10 during the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The firm is expected to announce its next earnings results on Wednesday, May 6th.

On average, analysts expect that Insight Enterprises will report full-year earnings of $6.39 per share for the current year, with EPS estimates ranging from $6.03 to $6.60. For the next financial year, analysts anticipate that the firm will post earnings of $7.00 per share, with EPS estimates ranging from $6.97 to $7.02. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $1.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.04). Insight Enterprises had a return on equity of 17.21% and a net margin of 2.28%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the firm earned $1.32 EPS. The business’s revenue was up 14.5% on a year-over-year basis.

NSIT has been the subject of several recent research reports. BidaskClub lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Friday, February 7th. B. Riley reissued a “buy” rating and set a $77.00 price target on shares of Insight Enterprises in a report on Monday. Zacks Investment Research lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Finally, ValuEngine lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Insight Enterprises presently has a consensus rating of “Hold” and an average target price of $65.75.

In other Insight Enterprises news, Director Bruce Armstrong sold 3,523 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $66.13, for a total transaction of $232,975.99. Insiders own 1.75% of the company’s stock.

Several institutional investors have recently made changes to their positions in NSIT. FMR LLC lifted its position in shares of Insight Enterprises by 105.1% in the fourth quarter. FMR LLC now owns 2,649,806 shares of the software maker’s stock valued at $186,255,000 after acquiring an additional 1,357,545 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Insight Enterprises in the fourth quarter valued at about $18,507,000. Redwood Investments LLC purchased a new position in shares of Insight Enterprises in the fourth quarter valued at about $16,168,000. Stifel Financial Corp purchased a new position in shares of Insight Enterprises in the fourth quarter valued at about $15,181,000. Finally, BlackRock Inc. lifted its position in shares of Insight Enterprises by 2.0% in the second quarter. BlackRock Inc. now owns 5,392,404 shares of the software maker’s stock valued at $313,837,000 after acquiring an additional 106,813 shares in the last quarter. Institutional investors and hedge funds own 99.05% of the company’s stock.

NASDAQ:NSIT traded down $0.91 during mid-day trading on Friday, hitting $59.15. 609,163 shares of the company traded hands, compared to its average volume of 329,508. The stock’s fifty day moving average price is $68.80 and its 200-day moving average price is $60.54. Insight Enterprises has a one year low of $46.28 and a one year high of $73.22. The company has a quick ratio of 1.47, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 13.03 and a beta of 1.22.

About Insight Enterprises

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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