Insight Enterprises (NASDAQ:NSIT) Shares Break Above Two Hundred Day Moving Average – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT) shares passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $122.08 and traded as high as $167.15. Insight Enterprises shares last traded at $164.30, with a volume of 276,666 shares.

Analyst Ratings Changes

Several research firms have issued reports on NSIT. Raymond James Financial restated an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a report on Monday, August 10th. Wall Street Zen downgraded shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. JPMorgan Chase & Co. boosted their price target 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. Finally, Zacks Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $147.50.

Insight Enterprises Stock Up 0.0%

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market cap of $5.03 billion, a PE ratio of 14.46, a P/E/G ratio of 1.24 and a beta of 1.06. The business has a fifty day moving average price of $158.23 and a two-hundred day moving average price of $123.55.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.93. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. Insight Enterprises’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, analysts anticipate that Insight Enterprises, Inc. will post 11.50 EPS for the current fiscal year.

Insider Activity

In related news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Insight Enterprises during the 2nd quarter worth about $587,162,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $116,563,000. Bank of America Corp DE acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at about $36,643,000. Alyeska Investment Group L.P. bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $26,602,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $21,892,000.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.