Insight Enterprises (NASDAQ:NSIT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday.

Several other equities research analysts also recently commented on NSIT. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Thursday, May 7th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a research note on Wednesday, May 27th. Finally, Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. One research 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 stock. Based on data from MarketBeat.com, Insight Enterprises currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

Insight Enterprises Trading Up 4.5%

Insight Enterprises stock opened at $122.93 on Friday. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 21.49, a price-to-earnings-growth ratio of 1.08 and a beta of 1.08. Insight Enterprises has a 1 year low of $63.62 and a 1 year high of $148.58. The firm’s 50 day moving average price is $111.55 and its two-hundred day moving average price is $90.82. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data 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. The business had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The company’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts predict that Insight Enterprises will post 10.89 EPS for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other news, CFO James A. Morgado purchased 2,290 shares of Insight Enterprises stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Insight Enterprises by 684.8% during the first quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock valued at $3,664,000 after acquiring an additional 21,310 shares in the last quarter. AQR Capital Management LLC grew its position in Insight Enterprises by 39.7% in the first quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock worth $2,264,000 after acquiring an additional 4,293 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Insight Enterprises during the 1st quarter worth $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Insight Enterprises by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock worth $2,432,000 after purchasing an additional 714 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Insight Enterprises by 5.3% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock valued at $11,138,000 after purchasing an additional 3,722 shares in 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.