Insight Enterprises, Inc. to Post Q1 2020 Earnings of $1.24 Per Share, B. Riley Forecasts (NASDAQ:NSIT)

Insight Enterprises, Inc. (NASDAQ:NSIT) – Investment analysts at B. Riley increased their Q1 2020 earnings per share (EPS) estimates for shares of Insight Enterprises in a report issued on Thursday, February 13th. B. Riley analyst M. Wiesenberger now expects that the software maker will post earnings per share of $1.24 for the quarter, up from their previous forecast of $1.21. B. Riley has a “Buy” rating and a $77.00 price objective on the stock. B. Riley also issued estimates for Insight Enterprises’ Q2 2020 earnings at $1.84 EPS, Q3 2020 earnings at $1.57 EPS, FY2020 earnings at $6.59 EPS and FY2021 earnings at $7.02 EPS.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Wednesday, February 12th. The software maker reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.61 by ($0.04). Insight Enterprises had a net margin of 2.28% and a return on equity of 17.21%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same quarter last year, the firm earned $1.32 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis.

Several other research analysts have also issued reports on NSIT. BidaskClub lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Friday, February 7th. ValuEngine lowered Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $65.75.

Shares of NASDAQ:NSIT opened at $59.15 on Friday. Insight Enterprises has a 1 year low of $46.28 and a 1 year high of $73.22. The business has a 50 day simple moving average of $68.80 and a two-hundred day simple moving average of $60.54. The firm has a market capitalization of $2.08 billion, a PE ratio of 13.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.47.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of Insight Enterprises by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 6,239 shares of the software maker’s stock valued at $439,000 after purchasing an additional 156 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Insight Enterprises by 14.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,241 shares of the software maker’s stock valued at $87,000 after purchasing an additional 156 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Insight Enterprises by 1.7% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 10,950 shares of the software maker’s stock valued at $770,000 after purchasing an additional 180 shares during the period. Virginia Retirement Systems ET AL boosted its holdings in shares of Insight Enterprises by 0.8% in the fourth quarter. Virginia Retirement Systems ET AL now owns 25,000 shares of the software maker’s stock valued at $1,757,000 after purchasing an additional 200 shares during the period. Finally, Mason Street Advisors LLC boosted its holdings in shares of Insight Enterprises by 1.8% in the third quarter. Mason Street Advisors LLC now owns 12,152 shares of the software maker’s stock valued at $677,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 99.05% of the company’s stock.

In related news, Director Bruce Armstrong sold 3,523 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $66.13, for a total value of $232,975.99. 1.75% of the stock is currently owned by insiders.

Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.

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