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

Insight Enterprises, Inc. (NASDAQ:NSIT) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $100.00.

A number of equities research analysts have recently weighed in on NSIT shares. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Thursday, May 7th. Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $113.34 on Friday. The company has a 50 day moving average price of $98.84 and a 200 day moving average price of $86.67. The firm has a market capitalization of $3.42 billion, a P/E ratio of 19.81, a PEG ratio of 1.11 and a beta of 1.08. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. Insight Enterprises has a 52 week low of $63.62 and a 52 week high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter in the previous year, the firm earned $2.06 EPS. Insight Enterprises’s revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts expect that Insight Enterprises will post 10.8 EPS for the current year.

Insider Activity at Insight Enterprises

In other news, CFO James A. Morgado bought 2,290 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of Insight Enterprises by 4.6% in the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after acquiring an additional 179,599 shares during the period. JPMorgan Chase & Co. lifted its position in Insight Enterprises by 64.2% during the third quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock valued at $22,336,000 after purchasing an additional 76,992 shares during the period. Kennedy Capital Management LLC lifted its position in Insight Enterprises by 14.2% during the third quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker’s stock valued at $20,082,000 after purchasing an additional 22,072 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings 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 purchasing an additional 59,987 shares during the last quarter. Finally, Country Trust Bank boosted its holdings in Insight Enterprises by 45.6% in the fourth quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock valued at $22,761,000 after purchasing an additional 87,538 shares during the last quarter.

Insight Enterprises Company Profile

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.