Insight Enterprises (NASDAQ:NSIT) Raised to “Strong-Buy” at Wall Street Zen

Insight Enterprises (NASDAQ:NSITGet Free Report) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

NSIT has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Canaccord Genuity Group set a $75.00 target price on shares of Insight Enterprises in a research note on Friday, May 8th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Raymond James Financial reiterated an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Finally, Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.50.

Check Out Our Latest Stock Report on NSIT

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $155.65 on Friday. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 1.13 and a beta of 1.07. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $158.57. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The business’s fifty day moving average price is $130.09 and its 200 day moving average price is $101.18.

Insight Enterprises (NASDAQ:NSITGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. The firm had revenue of $2.40 billion during 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 business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the company posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, sell-side analysts forecast that Insight Enterprises will post 11.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

Several large investors have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in shares of Insight Enterprises in the second quarter valued at about $587,162,000. California State Teachers Retirement System grew its position in Insight Enterprises by 11,754.5% in the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock valued at $501,372,000 after acquiring an additional 4,081,629 shares during the period. Paradigm Capital Management Inc. NY bought a new stake in shares of Insight Enterprises in the 2nd quarter worth about $116,563,000. Norges Bank bought a new stake in Insight Enterprises during the fourth quarter worth about $36,209,000. Finally, Morgan Stanley increased its holdings in Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after purchasing an additional 362,258 shares in the last quarter.

About Insight Enterprises

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Insight Enterprises (NASDAQ:NSIT)

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