Insight Enterprises (NASDAQ:NSIT) Issues Quarterly Earnings Results

Insight Enterprises (NASDAQ:NSIT) announced its quarterly earnings data on Thursday. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.13, RTT News reports. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. During the same period in the previous year, the business posted $2.98 earnings per share. Insight Enterprises updated its FY 2025 guidance to 9.700-10.100 EPS.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded down $2.39 during trading on Thursday, hitting $171.61. 252,028 shares of the company were exchanged, compared to its average volume of 367,270. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $5.45 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.42. Insight Enterprises has a 1-year low of $146.56 and a 1-year high of $228.07. The business’s 50 day moving average is $161.36 and its 200-day moving average is $185.77.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NSIT shares. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. Barrington Research decreased their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Insight Enterprises currently has a consensus rating of “Hold” and an average target price of $212.50.

About Insight Enterprises

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.