Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) – Equities research analysts at Barrington Research increased their Q4 2023 earnings per share estimates for shares of Insight Enterprises in a research note issued on Tuesday, November 7th. Barrington Research analyst V. Colicchio now anticipates that the software maker will post earnings of $2.78 per share for the quarter, up from their prior forecast of $2.76. Barrington Research has a “Outperform” rating and a $168.00 price target on the stock. The consensus estimate for Insight Enterprises’ current full-year earnings is $9.50 per share. Barrington Research also issued estimates for Insight Enterprises’ FY2024 earnings at $10.70 EPS.
Separately, StockNews.com raised Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd.
Insight Enterprises Trading Down 1.2 %
NASDAQ NSIT opened at $142.95 on Thursday. The business’s 50-day moving average price is $147.32 and its two-hundred day moving average price is $142.87. Insight Enterprises has a 12 month low of $92.41 and a 12 month high of $162.05. The firm has a market capitalization of $4.66 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.54. The company has a current ratio of 1.36, a quick ratio of 1.29 and a debt-to-equity ratio of 0.20.
Institutional Trading of Insight Enterprises
A number of large investors have recently bought and sold shares of NSIT. Fifth Third Bancorp grew its position in shares of Insight Enterprises by 37.3% in the second quarter. Fifth Third Bancorp now owns 254 shares of the software maker’s stock valued at $37,000 after purchasing an additional 69 shares in the last quarter. Amalgamated Bank grew its position in shares of Insight Enterprises by 0.6% in the third quarter. Amalgamated Bank now owns 13,219 shares of the software maker’s stock valued at $1,923,000 after purchasing an additional 73 shares in the last quarter. Cascade Investment Advisors Inc. grew its position in shares of Insight Enterprises by 0.6% in the second quarter. Cascade Investment Advisors Inc. now owns 12,545 shares of the software maker’s stock valued at $1,836,000 after purchasing an additional 75 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Insight Enterprises by 0.9% in the first quarter. Mercer Global Advisors Inc. ADV now owns 10,389 shares of the software maker’s stock valued at $1,485,000 after purchasing an additional 95 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Insight Enterprises by 4.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,249 shares of the software maker’s stock valued at $329,000 after purchasing an additional 103 shares in the last quarter.
About Insight Enterprises
Insight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software services and solutions in the United States and internationally. The company's solution portfolio includes cloud enablement, data and AI, digital strategy, intelligent applications and edge, and IoT solutions, as well as digital transformation services.
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