Equities Analysts Issue Forecasts for NSIT FY2024 Earnings

Insight Enterprises, Inc. (NASDAQ:NSIT) – Equities research analysts at Barrington Research cut their FY2024 EPS estimates for Insight Enterprises in a research report issued to clients and investors on Monday, November 4th. Barrington Research analyst V. Colicchio now forecasts 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 target price 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.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. Insight Enterprises’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the business earned $2.37 EPS.

NSIT has been the topic of several other research reports. Stifel Nicolaus increased their price target on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd.

Insight Enterprises Stock Down 1.4 %

NSIT stock opened at $172.08 on Thursday. The company has a market cap of $5.47 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.48. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Insight Enterprises has a 52 week low of $141.73 and a 52 week high of $228.07. The business has a 50-day simple moving average of $207.46 and a 200 day simple moving average of $203.36.

Insiders Place Their Bets

In related news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the sale, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

Institutional investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises in the second quarter worth $38,000. EntryPoint Capital LLC bought a new position in shares of Insight Enterprises during the first quarter worth about $89,000. GAMMA Investing LLC lifted its stake in shares of Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock worth $90,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. boosted its holdings in Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares during the last quarter. Finally, First Foundation Advisors acquired a new stake in Insight Enterprises during the 1st quarter valued at approximately $195,000.

About Insight Enterprises

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.