Insight Enterprises (NASDAQ:NSIT) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a buy rating in a research note published on Saturday morning.

Several other equities analysts have also weighed in on NSIT. Weiss Ratings lowered shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Barrington Research reissued an “outperform” rating and issued a $120.00 price target on shares of Insight Enterprises in a research note on Monday, January 5th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $90.00 price target (down from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Finally, Canaccord Genuity Group initiated coverage on Insight Enterprises in a report on Wednesday, November 19th. They issued a “hold” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Insight Enterprises currently has an average rating of “Reduce” and an average price target of $103.33.

Insight Enterprises Trading Down 1.9%

Shares of NSIT opened at $85.78 on Friday. The stock’s fifty day simple moving average is $85.75 and its 200-day simple moving average is $111.28. The firm has a market capitalization of $2.66 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 0.41 and a beta of 0.93. Insight Enterprises has a 12-month low of $77.10 and a 12-month high of $181.92. The company has a quick ratio of 1.27, a current ratio of 1.30 and a debt-to-equity ratio of 0.88.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the firm posted $2.19 earnings per share. The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, research analysts predict that Insight Enterprises will post 9.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

Several hedge funds have recently added to or reduced their stakes in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Insight Enterprises in the third quarter valued at about $48,000. MTM Investment Management LLC acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at approximately $55,000. Covestor Ltd increased its stake in Insight Enterprises by 24.3% during the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after purchasing an additional 130 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Insight Enterprises by 26.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after buying an additional 160 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Insight Enterprises during the 3rd quarter worth approximately $116,000.

Insight Enterprises Company Profile

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.