NASDAQ:NSIT - Get Free Report ) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 10.600-10.900 for the period, compared to the consensus estimate of 10.610. The company issued revenue guidance of -.
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Insight Enterprises Stock Up 8.6 % NASDAQ:NSIT traded up $15.32 during mid-day trading on Friday, hitting $193.74. 426,548 shares of the company's stock traded hands, compared to its average volume of 246,220. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The company has a market capitalization of $6.30 billion, a P/E ratio of 25.66, a P/E/G ratio of 1.26 and a beta of 1.50. The company has a fifty day moving average of $184.37 and a 200 day moving average of $174.04. Insight Enterprises has a twelve month low of $121.91 and a twelve month high of $194.57.
Insight Enterprises (NASDAQ:NSIT - Get Free Report ) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.55. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The business's quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. On average, analysts forecast that Insight Enterprises will post 10.59 EPS for the current year.
Wall Street Analyst Weigh In NSIT has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a neutral rating in a report on Friday. Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a hold rating in a research report on Monday, April 15th. StockNews.com lowered shares of Insight Enterprises from a buy rating to a hold rating in a report on Friday, January 26th. Finally, Barrington Research reiterated an outperform rating and set a $211.00 price objective on shares of Insight Enterprises in a research note on Tuesday, April 23rd.
Check Out Our Latest Analysis on NSIT
Insider Activity at Insight Enterprises In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now owns 23,009 shares of the company's stock, valued at $4,316,948.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . In other news, Director Kathleen S. Pushor sold 1,790 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the transaction, the director now directly owns 5,800 shares of the company's stock, valued at approximately $1,073,696. The sale was disclosed in a filing with the SEC, which is available at this link . Also, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares in the company, valued at approximately $4,316,948.58. The disclosure for this sale can be found here . Insiders sold a total of 20,918 shares of company stock worth $3,888,203 in the last three months. Company insiders own 1.23% of the company's stock.
About Insight Enterprises (
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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.
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