Insight Enterprises, Inc. (NASDAQ:NSIT) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have been given an average recommendation of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $147.50.

NSIT has been the subject of a number of analyst reports. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Raymond James Financial reissued an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. Wall Street Zen downgraded shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 2nd. Weiss Ratings upgraded Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently made changes to their positions in NSIT. BlackRock Inc. acquired a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $587,162,000. Morgan Stanley increased its holdings in Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after buying an additional 362,258 shares during the last quarter. State Street Corp increased its holdings in Insight Enterprises by 3.2% during the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after buying an additional 36,566 shares during the last quarter. Paradigm Capital Management Inc. NY bought a new stake in Insight Enterprises during the second quarter worth $116,563,000. Finally, Dimensional Fund Advisors LP lifted its stake in Insight Enterprises by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after acquiring an additional 94,877 shares during the last quarter.

Insight Enterprises Stock Down 1.5%

Shares of Insight Enterprises stock opened at $154.25 on Friday. The firm has a market cap of $4.53 billion, a PE ratio of 22.58, a P/E/G ratio of 1.20 and a beta of 1.07. The business’s 50 day simple moving average is $122.00 and its 200 day simple moving average is $96.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises has a 52-week low of $63.62 and a 52-week high of $157.35.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period last year, the business earned $2.45 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, analysts predict that Insight Enterprises will post 10.89 earnings per share for the current fiscal year.

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.