Insight Enterprises, Inc. (NASDAQ:NSIT) Given Consensus Rating of “Moderate Buy” by Analysts

Insight Enterprises, Inc. (NASDAQ:NSIT) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $100.00.

Several brokerages have recently commented on NSIT. Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a report on Wednesday, May 27th.

Insiders Place Their Bets

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $87.25 per share, with a total value of $199,802.50. Following the completion of the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in Insight Enterprises by 34.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 60,746 shares of the software maker’s stock valued at $7,399,000 after acquiring an additional 15,623 shares during the period. Baron Wealth Management LLC bought a new position in Insight Enterprises during the 2nd quarter worth approximately $221,000. Henshaw Capital LLC increased its stake in Insight Enterprises by 27.2% in the 1st quarter. Henshaw Capital LLC now owns 18,620 shares of the software maker’s stock worth $1,248,000 after purchasing an additional 3,981 shares during the period. Glenmede Trust Co. NA increased its stake in Insight Enterprises by 81.2% in the 1st quarter. Glenmede Trust Co. NA now owns 4,783 shares of the software maker’s stock worth $321,000 after purchasing an additional 2,143 shares during the period. Finally, Bank of America Corp DE lifted its position in Insight Enterprises by 24.4% in the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock valued at $21,176,000 after purchasing an additional 62,060 shares during the last quarter.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $122.93 on Tuesday. Insight Enterprises has a fifty-two week low of $63.62 and a fifty-two week high of $148.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. The stock has a market cap of $3.71 billion, a P/E ratio of 21.49, a price-to-earnings-growth ratio of 1.08 and a beta of 1.08. The firm’s fifty day moving average price is $111.55 and its 200-day moving average price is $90.82.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.43. The company had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities research analysts expect that Insight Enterprises will post 10.89 earnings per share for the current fiscal year.

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.