Insight Enterprises (NASDAQ:NSIT – Get Free Report) announced its earnings results on Thursday. The software maker reported $2.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55, Briefing.com reports. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the business earned $1.78 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Insight Enterprises updated its FY24 guidance to $10.60-10.90 EPS.
Insight Enterprises Stock Performance
Insight Enterprises stock traded up $15.32 during trading on Friday, hitting $193.74. The stock had a trading volume of 426,548 shares, compared to its average volume of 246,220. Insight Enterprises has a 1 year low of $121.91 and a 1 year high of $194.57. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The stock’s 50 day moving average is $184.54 and its two-hundred day moving average is $174.35. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 1.26 and a beta of 1.50.
Insider Activity at Insight Enterprises
In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the sale, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the sale, the chief accounting officer now owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the sale, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,918 shares of company stock worth $3,888,203. Insiders own 1.23% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on Insight Enterprises
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.
Read More
- Five stocks we like better than Insight Enterprises
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Appleās Earnings Show Investors Its Strength and Its Weakness
- 10 Best Airline Stocks to Buy
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
- How to Read Stock Charts for Beginners
- DraftKings Q1: Strong Customer Acquisition and Product Innovation
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.