Insight Enterprises, Inc. (NASDAQ:NSIT) Receives $96.67 Consensus Target Price from Analysts

Insight Enterprises, Inc. (NASDAQ:NSIT) has been given an average rating of “Hold” by the five brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $93.75.

A number of equities analysts have commented on NSIT shares. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, April 16th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday, April 2nd. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Barrington Research restated an “outperform” rating and set a $120.00 price objective on shares of Insight Enterprises in a report on Friday, February 6th.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $87.32 on Thursday. The company has a market capitalization of $2.64 billion, a PE ratio of 15.27, a P/E/G ratio of 0.77 and a beta of 0.96. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. The company has a 50-day simple moving average of $75.16 and a two-hundred day simple moving average of $82.42. Insight Enterprises has a one year low of $63.62 and a one year high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Research analysts expect that Insight Enterprises will post 11.34 EPS for the current fiscal year.

Insider Activity

In related news, CFO James A. Morgado acquired 2,290 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. The trade was a 15.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Several hedge funds have recently modified their holdings of NSIT. Principal Financial Group Inc. boosted its position in Insight Enterprises by 11.5% in the third quarter. Principal Financial Group Inc. now owns 151,848 shares of the software maker’s stock valued at $17,221,000 after buying an additional 15,655 shares during the last quarter. Vanguard Group Inc. boosted its position in Insight Enterprises by 4.6% in the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock valued at $463,965,000 after buying an additional 179,599 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Insight Enterprises by 64.2% in the third quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock valued at $22,336,000 after buying an additional 76,992 shares during the last quarter. Kennedy Capital Management LLC boosted its position in Insight Enterprises by 14.2% in the third quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker’s stock valued at $20,082,000 after buying an additional 22,072 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Insight Enterprises by 31.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock valued at $21,033,000 after buying an additional 59,987 shares during the last quarter.

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.