Insight Enterprises, Inc. Expected to Post FY2017 Earnings of $3.25 Per Share (NSIT)
Insight Enterprises, Inc. (NASDAQ:NSIT) – Stock analysts at B. Riley upped their FY2017 earnings per share estimates for shares of Insight Enterprises in a note issued to investors on Wednesday. B. Riley analyst K. Anderson now expects that the software maker will post earnings per share of $3.25 for the year, up from their prior estimate of $3.24. B. Riley currently has a “Buy” rating and a $56.00 price target on the stock. B. Riley also issued estimates for Insight Enterprises’ Q4 2017 earnings at $0.82 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $1.08 EPS, Q3 2018 earnings at $0.91 EPS, Q4 2018 earnings at $0.96 EPS and FY2018 earnings at $3.58 EPS.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue was up 26.2% compared to the same quarter last year.
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A number of other analysts have also recently commented on NSIT. BidaskClub cut Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target (up previously from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Finally, Zacks Investment Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.00.
Shares of Insight Enterprises (NASDAQ NSIT) opened at $38.67 on Thursday. Insight Enterprises has a 52-week low of $31.03 and a 52-week high of $53.19. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.24 and a current ratio of 1.84. The company has a market capitalization of $1,451.38, a PE ratio of 12.87 and a beta of 1.63.
In other Insight Enterprises news, CFO Glynis Bryan sold 5,000 shares of Insight Enterprises stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $41.90, for a total transaction of $209,500.00. Following the completion of the transaction, the chief financial officer now owns 30,797 shares in the company, valued at approximately $1,290,394.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.38% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its stake in shares of Insight Enterprises by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after buying an additional 385 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Insight Enterprises during the 3rd quarter valued at about $156,000. CIBC Asset Management Inc purchased a new position in shares of Insight Enterprises during the 3rd quarter valued at about $205,000. Eqis Capital Management Inc. purchased a new position in shares of Insight Enterprises during the 3rd quarter valued at about $211,000. Finally, Amalgamated Bank purchased a new position in shares of Insight Enterprises during the 3rd quarter valued at about $223,000. Institutional investors and hedge funds own 96.05% of the company’s stock.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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