Insight Enterprises, Inc. (NASDAQ:NSIT) Receives Average Rating of “Hold” from Brokerages

Insight Enterprises, Inc. (NASDAQ:NSIT – Get Free Report) has received an average rating of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $100.00.

NSIT has been the topic of several research reports. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insight Enterprises in a research report on Thursday, April 2nd. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research report on Thursday, May 7th. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th.

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Insider Transactions at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado acquired 2,290 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was bought 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 in the company, valued at $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Insight Enterprises in the third quarter valued at about $48,000. CWM LLC lifted its holdings in shares of Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after purchasing an additional 149 shares during the period. Torren Management LLC acquired a new stake in shares of Insight Enterprises in the fourth quarter worth $44,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after buying an additional 368 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Insight Enterprises by 26.0% in the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after buying an additional 160 shares during the last quarter.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $111.07 on Monday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. The company has a 50-day moving average price of $83.12 and a 200-day moving average price of $83.11. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. Insight Enterprises has a 12 month low of $63.62 and a 12 month high of $148.58.

Insight Enterprises (NASDAQ:NSIT – Get Free Report) last released its earnings results on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities analysts anticipate that Insight Enterprises will post 11.43 EPS for the current year.

Insight Enterprises Company Profile

(Get Free Report)

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.

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