Insight Enterprises, Inc. (NSIT) Announces Quarterly Earnings Results
Insight Enterprises, Inc. (NASDAQ:NSIT) posted its quarterly earnings data on Wednesday. The software maker reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.19, Briefing.com reports. Insight Enterprises had a return on equity of 15.29% and a net margin of 1.61%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. Insight Enterprises updated its FY17 guidance to $3.15-3.25 EPS.
Shares of Insight Enterprises (NASDAQ NSIT) traded down 1.0613% on Friday, hitting $45.6899. The stock had a trading volume of 43,128 shares. The stock has a market cap of $1.63 billion, a PE ratio of 16.9725 and a beta of 1.63. Insight Enterprises has a 12 month low of $24.23 and a 12 month high of $53.19. The stock has a 50 day moving average of $41.16 and a 200-day moving average of $41.60.
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Several research analysts have weighed in on the company. B. Riley reissued a “neutral” rating and issued a $48.00 price objective on shares of Insight Enterprises in a research report on Sunday, May 7th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Insight Enterprises in a research report on Thursday. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research report on Saturday, May 6th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Insight Enterprises in a research report on Thursday, May 4th. Finally, BidaskClub cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $50.83.
In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of Insight Enterprises stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $42.00, for a total value of $165,732.00. Following the completion of the sale, the chief financial officer now owns 39,643 shares of the company’s stock, valued at approximately $1,665,006. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.23% of the stock is currently owned by company insiders.
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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