Insight Enterprises, Inc. (NASDAQ:NSIT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $162.62 and last traded at $162.1260, with a volume of 35084 shares. The stock had previously closed at $155.87.
Wall Street Analyst Weigh In
NSIT has been the subject of a number of recent research reports. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a research report on Monday, August 10th. Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Raymond James Financial reissued an “outperform” rating and issued a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Insight Enterprises currently has an average rating of “Moderate Buy” and a consensus target price of $147.50.
Read Our Latest Analysis on Insight Enterprises
Insight Enterprises Trading Up 4.2%
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping the consensus estimate of $2.93 by $0.93. The business 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%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Analysts predict that Insight Enterprises, Inc. will post 11.5 EPS for the current year.
Insider Buying and Selling
In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.21% of the stock is owned by company insiders.
Institutional Trading of Insight Enterprises
Several hedge funds have recently made changes to their positions in NSIT. BlackRock Inc. acquired a new position in shares of Insight Enterprises in the second quarter valued at approximately $587,162,000. Paradigm Capital Management Inc. NY acquired a new stake in Insight Enterprises during the 2nd quarter worth approximately $116,563,000. The Manufacturers Life Insurance Company acquired a new stake in Insight Enterprises during the 2nd quarter worth approximately $1,666,000. Alyeska Investment Group L.P. purchased a new position in Insight Enterprises in the 2nd quarter valued at approximately $26,602,000. Finally, WINTON GROUP Ltd purchased a new position in Insight Enterprises in the 4th quarter valued at approximately $4,400,000.
Insight Enterprises Company Profile
Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.
Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.
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