Analysts expect Insight Enterprises, Inc. (NASDAQ:NSIT) to post $1.84 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Insight Enterprises’ earnings, with estimates ranging from $1.82 billion to $1.86 billion. Insight Enterprises reported sales of $1.76 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.5%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, November 7th.

On average, analysts expect that Insight Enterprises will report full year sales of $7.33 billion for the current financial year, with estimates ranging from $7.28 billion to $7.39 billion. For the next year, analysts forecast that the business will post sales of $7.59 billion, with estimates ranging from $7.57 billion to $7.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Wednesday, August 1st. The software maker reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.19. The business had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.84 billion. Insight Enterprises had a return on equity of 16.42% and a net margin of 1.69%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS.

Several research analysts have recently commented on the company. Zacks Investment Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 4th. B. Riley boosted their price objective on Insight Enterprises from $58.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Finally, BidaskClub raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 29th.

NSIT stock traded down $2.59 during mid-day trading on Tuesday, reaching $47.82. 13,803 shares of the company traded hands, compared to its average volume of 209,078. Insight Enterprises has a 52-week low of $32.10 and a 52-week high of $56.86. The company has a quick ratio of 1.28, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.76 and a beta of 1.28.

In other news, insider Samuel C. Cowley sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $53.06, for a total transaction of $318,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anthony Ibarguen sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $53.55, for a total value of $267,750.00. The disclosure for this sale can be found here. Insiders have sold 15,827 shares of company stock valued at $859,173 in the last three months. 1.77% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Insight Enterprises by 15.9% in the second quarter. Victory Capital Management Inc. now owns 8,082 shares of the software maker’s stock worth $395,000 after buying an additional 1,108 shares in the last quarter. Aperio Group LLC boosted its stake in Insight Enterprises by 6.1% in the second quarter. Aperio Group LLC now owns 26,383 shares of the software maker’s stock worth $1,291,000 after buying an additional 1,520 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in Insight Enterprises in the second quarter worth approximately $108,000. Meeder Asset Management Inc. boosted its stake in Insight Enterprises by 7,465.1% in the second quarter. Meeder Asset Management Inc. now owns 3,253 shares of the software maker’s stock worth $159,000 after buying an additional 3,210 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Insight Enterprises in the second quarter worth approximately $204,000. 95.26% of the stock is owned by institutional investors.

About Insight Enterprises

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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