Insight Enterprises (NASDAQ:NSIT) Reaches New 52-Week Low – Time to Sell?

Insight Enterprises, Inc. (NASDAQ:NSIT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $111.10 and last traded at $112.52, with a volume of 442361 shares trading hands. The stock had previously closed at $112.77.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NSIT. Barrington Research reissued an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a report on Monday, September 15th. JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Insight Enterprises Price Performance

The company has a 50 day simple moving average of $127.25 and a 200-day simple moving average of $134.32. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.04 and a beta of 1.16. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.04). The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Institutional Trading of Insight Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Fiduciary Management Inc. WI raised its position in shares of Insight Enterprises by 17.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker’s stock worth $142,377,000 after purchasing an additional 138,914 shares during the period. Geode Capital Management LLC raised its position in shares of Insight Enterprises by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 674,234 shares of the software maker’s stock worth $93,112,000 after purchasing an additional 19,812 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Insight Enterprises by 48.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock worth $83,748,000 after purchasing an additional 181,104 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Insight Enterprises by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker’s stock worth $55,272,000 after purchasing an additional 3,866 shares during the period. Finally, Norges Bank acquired a new stake in shares of Insight Enterprises during the 2nd quarter worth approximately $46,972,000.

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.