Insight Enterprises (NASDAQ:NSIT) Sets New 52-Week Low – Here’s Why

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $89.50 and last traded at $91.1450, with a volume of 471552 shares. The stock had previously closed at $91.54.

Analyst Ratings Changes

Several research firms recently weighed in on NSIT. JPMorgan Chase & Co. increased their price target on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Finally, Barrington Research set a $120.00 price objective on shares of Insight Enterprises in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $168.33.

Insight Enterprises Trading Down 1.1%

The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The stock’s 50 day moving average is $112.49 and its two-hundred day moving average is $126.78. The company has a market capitalization of $2.80 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 0.95 and a beta of 1.11.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 EPS for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the firm earned $2.19 EPS. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NSIT. Studio Investment Management LLC grew its holdings in Insight Enterprises by 6.6% in the third quarter. Studio Investment Management LLC now owns 2,919 shares of the software maker’s stock worth $331,000 after purchasing an additional 181 shares during the last quarter. GSA Capital Partners LLP grew its stake in Insight Enterprises by 17.9% during the 3rd quarter. GSA Capital Partners LLP now owns 6,158 shares of the software maker’s stock worth $698,000 after buying an additional 935 shares during the last quarter. Vanguard Group Inc. increased its position in Insight Enterprises by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock valued at $463,965,000 after buying an additional 179,599 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Insight Enterprises by 64.2% in the third quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock valued at $22,336,000 after buying an additional 76,992 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Insight Enterprises by 17.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 16,563 shares of the software maker’s stock worth $1,878,000 after acquiring an additional 2,436 shares during the last quarter.

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.