Insight Enterprises (NASDAQ:NSIT) Hits New 1-Year Low – Here’s Why

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) reached a new 52-week low on Tuesday . The company traded as low as $111.10 and last traded at $112.52, with a volume of 442361 shares trading hands. The stock had previously closed at $112.77.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NSIT. JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Barrington Research reaffirmed an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Insight Enterprises has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

Insight Enterprises Price Performance

The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.04 and a beta of 1.13. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $125.99 and a 200 day moving average price of $134.03.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.04). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. Insight Enterprises’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.46 EPS. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Institutional Investors Weigh In On Insight Enterprises

Several hedge funds have recently bought and sold shares of NSIT. Osaic Holdings Inc. increased its position in shares of Insight Enterprises by 32.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,531 shares of the software maker’s stock valued at $355,000 after buying an additional 621 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Insight Enterprises by 0.6% in the second quarter. Thrivent Financial for Lutherans now owns 20,190 shares of the software maker’s stock worth $2,788,000 after acquiring an additional 116 shares in the last quarter. Cim LLC raised its position in shares of Insight Enterprises by 8.3% during the second quarter. Cim LLC now owns 2,973 shares of the software maker’s stock worth $411,000 after purchasing an additional 228 shares during the period. State of Wyoming bought a new position in shares of Insight Enterprises during the 2nd quarter valued at about $184,000. Finally, Hudson Bay Capital Management LP bought a new position in shares of Insight Enterprises during the 2nd quarter valued at about $472,000.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.