Insight Enterprises, Inc. (NASDAQ:NSIT – Get Free Report) has earned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $100.00.
NSIT has been the topic of a number of research reports. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective on the stock in a report on Wednesday, May 27th. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Thursday, May 7th. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research report on Friday, May 8th. Finally, Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th.
Check Out Our Latest Stock Analysis on Insight Enterprises
Insight Enterprises Stock Performance
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, analysts forecast that Insight Enterprises will post 11.43 EPS for the current fiscal year.
Insider Buying and Selling
In other news, CFO James A. Morgado bought 2,290 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, with a total value of $199,802.50. Following the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. This represents a 15.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.21% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Insight Enterprises
Several hedge funds have recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after acquiring an additional 149 shares during the last quarter. Torren Management LLC bought a new position in shares of Insight Enterprises in the fourth quarter worth about $44,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 acquiring an additional 368 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of Insight Enterprises by 40.3% in the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock worth $48,000 after acquiring an additional 170 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 160 shares during 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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