Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month High – Time to Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $159.42 and last traded at $159.15, with a volume of 181199 shares traded. The stock had previously closed at $152.06.

Analysts Set New Price Targets

A number of brokerages recently commented on NSIT. Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Barrington Research set a $180.00 price objective on Insight Enterprises in a report on Monday, August 10th. Canaccord Genuity Group set a $75.00 target price on Insight Enterprises in a research note on Friday, May 8th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.50.

Insight Enterprises Trading Up 4.7%

The firm has a market cap of $4.67 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.12 and a beta of 1.10. The business’s 50-day moving average is $132.75 and its two-hundred day moving average is $102.54. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter last year, the company posted $2.45 earnings per share. Insight Enterprises’s 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. As a group, analysts expect that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In related news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NSIT. BlackRock Inc. bought a new position in Insight Enterprises during the second quarter valued at about $587,162,000. California State Teachers Retirement System boosted its holdings in Insight Enterprises by 11,754.5% during the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock worth $501,372,000 after buying an additional 4,081,629 shares in the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Insight Enterprises in the second quarter worth approximately $116,563,000. Norges Bank acquired a new position in Insight Enterprises in the fourth quarter worth approximately $36,209,000. Finally, Morgan Stanley increased its holdings in shares of Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after buying an additional 362,258 shares in 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.