Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Now Rated “Hold” by Sell-Side Analysts

Insight Enterprises, Inc. (NASDAQ:NSIT – Get Free Report) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $147.50.

NSIT has been the subject of a number of research reports. Zacks Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Read Our Latest Stock Report on Insight Enterprises

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction that occurred on 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter worth $32,000. Polaris Financial Partners acquired a new position in Insight Enterprises in the third quarter valued at about $41,000. Reyes Financial Architecture Inc. bought a new position in Insight Enterprises in the 3rd quarter valued at about $51,000. Farther Finance Advisors LLC increased its holdings in Insight Enterprises by 35.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker’s stock valued at $53,000 after buying an additional 88 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Insight Enterprises by 301.4% in the 2nd quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock valued at $69,000 after buying an additional 425 shares in the last quarter.

Insight Enterprises Trading Down 3.5%

Shares of NSIT stock opened at $166.77 on Thursday. Insight Enterprises has a 12-month low of $63.62 and a 12-month high of $182.12. The company has a market capitalization of $4.89 billion, a PE ratio of 24.42, a price-to-earnings-growth ratio of 1.29 and a beta of 1.06. The firm has a 50 day moving average price of $161.73 and a two-hundred day moving average price of $113.63. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT – Get Free Report) last posted its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, analysts predict that Insight Enterprises will post 11.50 earnings per share for the current year.

About Insight Enterprises

(Get Free Report)

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.

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Analyst Recommendations for Insight Enterprises (NASDAQ:NSIT)

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