Wall Street Zen downgraded shares of Insight Enterprises (NASDAQ:NSIT – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.
NSIT has been the topic of several other research reports. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Wednesday, May 27th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings raised Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research note on Thursday, May 7th. Finally, Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Insight Enterprises has an average rating of “Moderate Buy” and an average price target of $100.00.
Check Out Our Latest Stock Report on Insight Enterprises
Insight Enterprises Stock Performance
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter last year, the company earned $2.06 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Research analysts anticipate that Insight Enterprises will post 10.89 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Insight Enterprises news, CFO James A. Morgado bought 2,290 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the acquisition, the chief financial officer 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 ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.21% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in NSIT. Assenagon Asset Management S.A. lifted its position 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 worth $7,399,000 after buying an additional 15,623 shares in the last quarter. Baron Wealth Management LLC acquired a new stake in Insight Enterprises in the 2nd quarter valued at about $221,000. Henshaw Capital LLC raised its stake in shares of Insight Enterprises by 27.2% in the first quarter. Henshaw Capital LLC now owns 18,620 shares of the software maker’s stock worth $1,248,000 after acquiring an additional 3,981 shares during the last quarter. Glenmede Trust Co. NA raised its stake in shares of Insight Enterprises by 81.2% in the first quarter. Glenmede Trust Co. NA now owns 4,783 shares of the software maker’s stock worth $321,000 after acquiring an additional 2,143 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of Insight Enterprises by 24.4% during the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock worth $21,176,000 after purchasing an additional 62,060 shares in the last quarter.
About Insight Enterprises
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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