Wall Street brokerages expect that Insight Enterprises, Inc. (NASDAQ:NSIT) will post $0.79 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Insight Enterprises’ earnings, with the lowest EPS estimate coming in at $0.77 and the highest estimate coming in at $0.82. Insight Enterprises posted earnings of $0.72 per share in the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Insight Enterprises will report full year earnings of $3.22 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.25. For the next financial year, analysts forecast that the business will report earnings of $3.51 per share, with EPS estimates ranging from $3.45 to $3.58. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Insight Enterprises.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.62 earnings per share.

A number of research analysts recently commented on NSIT shares. ValuEngine cut Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Zacks Investment Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. BidaskClub cut Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. Finally, B. Riley reissued a “buy” rating and issued a $56.00 target price (up previously from $54.50) on shares of Insight Enterprises in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Insight Enterprises currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Insight Enterprises (NASDAQ NSIT) opened at $37.12 on Monday. The company has a market capitalization of $1,345.79, a price-to-earnings ratio of 11.94 and a beta of 1.56. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59. Insight Enterprises has a 12 month low of $35.26 and a 12 month high of $53.19.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC grew its stake in shares of Insight Enterprises by 3.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 292,779 shares of the software maker’s stock valued at $11,211,000 after buying an additional 11,082 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Insight Enterprises during the fourth quarter valued at about $4,222,000. Strs Ohio grew its stake in shares of Insight Enterprises by 9.6% during the fourth quarter. Strs Ohio now owns 26,300 shares of the software maker’s stock valued at $1,007,000 after buying an additional 2,300 shares during the last quarter. Alpha Windward LLC grew its stake in shares of Insight Enterprises by 16.1% during the fourth quarter. Alpha Windward LLC now owns 13,860 shares of the software maker’s stock valued at $531,000 after buying an additional 1,920 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Insight Enterprises by 0.9% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 434,154 shares of the software maker’s stock valued at $16,624,000 after buying an additional 4,015 shares during the last quarter. 95.85% of the stock is currently owned by institutional investors and hedge funds.

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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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