Insight Enterprises (NASDAQ:NSIT) Sets New 52-Week High – Should You Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price reached a new 52-week high on Friday . The stock traded as high as $162.62 and last traded at $162.1260, with a volume of 35084 shares trading hands. The stock had previously closed at $155.87.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NSIT shares. Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, Raymond James Financial restated an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a research report on Thursday, August 6th. One 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Insight Enterprises Stock Up 4.2%

The stock has a market cap of $4.77 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.13 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $137.59 and a 200-day moving average price of $105.67.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, analysts forecast that Insight Enterprises, Inc. will post 11.5 earnings per share for the current year.

Insider Activity at Insight Enterprises

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

Institutional Investors Weigh In On Insight Enterprises

Several institutional investors have recently bought and sold shares of NSIT. Integrated Wealth Concepts LLC acquired a new position in shares of Insight Enterprises during the second quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after acquiring an additional 368 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Insight Enterprises by 40.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after acquiring an additional 170 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of Insight Enterprises by 467.1% during the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after purchasing an additional 668 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of Insight Enterprises by 301.4% during the second quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock worth $69,000 after purchasing an additional 425 shares in the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.