Insight Enterprises (NASDAQ:NSIT) Sees Strong Trading Volume – Time to Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) shares saw unusually-high trading volume on Monday . Approximately 475,892 shares traded hands during mid-day trading, an increase of 4% from the previous session’s volume of 456,544 shares.The stock last traded at $85.7550 and had previously closed at $83.79.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of recent analyst reports. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday, April 2nd. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Barrington Research reiterated an “outperform” rating and issued a $120.00 price objective on shares of Insight Enterprises in a report on Friday, February 6th. Finally, Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Insight Enterprises has an average rating of “Hold” and an average price target of $93.75.

Insight Enterprises Trading Up 5.5%

The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. The business’s 50 day moving average price is $74.94 and its 200-day moving average price is $83.05. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Equities analysts expect that Insight Enterprises, Inc. will post 11.29 EPS for the current year.

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. acquired a new stake in Insight Enterprises during the first quarter worth about $117,000. Assetmark Inc. raised its stake in Insight Enterprises by 64.2% during the first quarter. Assetmark Inc. now owns 18,669 shares of the software maker’s stock worth $1,251,000 after acquiring an additional 7,302 shares during the period. Bessemer Group Inc. raised its stake in Insight Enterprises by 45.1% during the first quarter. Bessemer Group Inc. now owns 63,266 shares of the software maker’s stock worth $4,239,000 after acquiring an additional 19,664 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Insight Enterprises by 6.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 265,601 shares of the software maker’s stock worth $17,856,000 after acquiring an additional 15,092 shares during the period. Finally, Kestrel Investment Management Corp acquired a new stake in Insight Enterprises during the first quarter worth about $4,272,000.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.