Barrington Research Estimates NSIT FY2024 Earnings

Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) - Equities research analysts at Barrington Research dropped their FY2024 earnings per share (EPS) estimates for shares of Insight Enterprises in a research note issued on Monday, November 4th. Barrington Research analyst V. Colicchio now expects that the software maker will post earnings of $9.55 per share for the year, down from their prior estimate of $10.75. Barrington Research currently has a "Outperform" rating and a $205.00 price target 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.

Several other brokerages have also commented on NSIT. Stifel Nicolaus increased their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reduced their price objective on Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd.

Insight Enterprises Price Performance

Insight Enterprises stock traded down $2.42 during midday trading on Thursday, hitting $172.08. 755,147 shares of the company's stock were exchanged, compared to its average volume of 232,899. Insight Enterprises has a 52-week low of $141.73 and a 52-week high of $228.07. The stock has a 50-day moving average price of $208.32 and a two-hundred day moving average price of $203.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The company has a market cap of $5.47 billion, a P/E ratio of 21.95, a PEG ratio of 1.49 and a beta of 1.48.

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

Insiders Place Their Bets

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction 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 sale, the insider now owns 5,460 shares of the company's stock, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.23% of the company's stock.

Institutional Trading of Insight Enterprises

Several large investors have recently modified their holdings of NSIT. BNP Paribas Financial Markets grew its holdings in shares of Insight Enterprises by 22.9% in the first quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker's stock worth $7,036,000 after acquiring an additional 7,067 shares during the period. Janney Montgomery Scott LLC purchased a new position in Insight Enterprises during the first quarter valued at $431,000. Texas Permanent School Fund Corp lifted its position in Insight Enterprises by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker's stock valued at $4,496,000 after purchasing an additional 314 shares in the last quarter. SG Americas Securities LLC lifted its position in Insight Enterprises by 249.8% during the first quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker's stock valued at $1,214,000 after purchasing an additional 4,673 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Insight Enterprises during the first quarter valued at $209,000.

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.