Insight Enterprises, Inc. (NASDAQ:NSIT) – Stock analysts at B. Riley raised their FY2018 EPS estimates for shares of Insight Enterprises in a research report issued to clients and investors on Thursday. B. Riley analyst K. Anderson now expects that the software maker will post earnings per share of $3.98 for the year, up from their previous forecast of $3.58. B. Riley has a “Buy” rating and a $53.00 price objective on the stock. B. Riley also issued estimates for Insight Enterprises’ Q4 2018 earnings at $1.23 EPS.
Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Wednesday, February 14th. The software maker reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.02. The firm had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.71 billion. Insight Enterprises had a net margin of 1.35% and a return on equity of 14.73%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS.
Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday. ValuEngine lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, BidaskClub raised shares of Insight Enterprises from a “strong sell” rating to a “sell” rating in a report on Friday, February 16th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Insight Enterprises currently has an average rating of “Hold” and a consensus price target of $46.00.
Insight Enterprises (NSIT) traded down $0.11 during trading hours on Monday, hitting $35.31. 257,300 shares of the stock traded hands, compared to its average volume of 208,430. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.38 and a current ratio of 1.54. The stock has a market cap of $1,267.76, a price-to-earnings ratio of 10.93 and a beta of 1.40. Insight Enterprises has a 52-week low of $32.10 and a 52-week high of $53.19.
Insight Enterprises announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 14th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new stake in Insight Enterprises in the 3rd quarter worth $156,000. CIBC Asset Management Inc purchased a new stake in Insight Enterprises in the 3rd quarter worth $205,000. Eqis Capital Management Inc. purchased a new stake in Insight Enterprises in the 3rd quarter worth $211,000. Amalgamated Bank purchased a new stake in Insight Enterprises in the 3rd quarter worth $223,000. Finally, Highbridge Capital Management LLC purchased a new stake in Insight Enterprises in the 3rd quarter worth $333,000. 94.90% of the stock is owned by institutional investors.
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Insight Enterprises Company Profile
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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