Insight Enterprises (NASDAQ:NSIT – Get Free Report) had its target price upped by JPMorgan Chase & Co. from $160.00 to $170.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the software maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 7.42% from the company’s previous close.
NSIT has been the topic of a number of other reports. Raymond James Financial reiterated an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Weiss Ratings raised shares of Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, October 28th. Canaccord Genuity Group lifted their price target on Insight Enterprises from $140.00 to $175.00 and gave the stock a “hold” rating in a research report on Friday. Barrington Research set a $180.00 price target on Insight Enterprises in a research note on Monday, August 10th. Finally, 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. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $175.00.
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Insight Enterprises Stock Performance
Shares of NASDAQ NSIT opened at $158.25 on Friday. Insight Enterprises has a fifty-two week low of $63.62 and a fifty-two week high of $182.12. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.15 and a beta of 1.06. The business’s 50 day moving average price is $162.73 and its 200-day moving average price is $115.24. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.19.
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last issued its earnings results on Thursday, November 5th. The software maker reported $3.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.74. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 2.01% and a return on equity of 24.01%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.43 earnings per share. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. On average, sell-side analysts expect that Insight Enterprises will post 11.50 earnings per share for the current year.
Insiders Place Their Bets
In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was 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 is accessible through this link. Insiders own 1.21% of the company’s stock.
Institutional Trading of Insight Enterprises
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Insight Enterprises during the 2nd quarter worth approximately $32,000. Polaris Financial Partners acquired a new stake in Insight Enterprises in the 3rd quarter valued at $41,000. Reyes Financial Architecture Inc. acquired a new stake in Insight Enterprises in the 3rd quarter valued at $51,000. Farther Finance Advisors LLC grew its stake 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 acquiring an additional 88 shares during the period. Finally, Heritage Family Offices LLP purchased a new stake in Insight Enterprises in the 3rd quarter worth $78,000.
Insight Enterprises Company Profile
Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions.
Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.
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