Insight Enterprises (NASDAQ:NSIT) Shares Up 6.7% – Should You Buy?

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) traded up 6.7% on Thursday . The stock traded as high as $68.59 and last traded at $69.2450. 95,380 shares were traded during mid-day trading, a decline of 77% from the average session volume of 423,797 shares. The stock had previously closed at $64.91.

Analyst Upgrades and Downgrades

NSIT has been the subject of several research analyst reports. Wall Street Zen lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday. Canaccord Genuity Group set a $90.00 price target on shares of Insight Enterprises in a report on Friday, February 6th. JPMorgan Chase & Co. restated an “underweight” rating and set a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Weiss Ratings downgraded shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $120.00 target price on shares of Insight Enterprises in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Insight Enterprises currently has a consensus rating of “Reduce” and a consensus target price of $100.00.

Insight Enterprises Stock Down 6.0%

The company has a market cap of $2.03 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.72 and a beta of 0.92. The stock has a 50-day moving average of $81.68 and a two-hundred day moving average of $91.54. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.22 and a current ratio of 1.25.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, topping the consensus estimate of $2.82 by $0.14. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2.08 billion. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. The business’s revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Institutional Trading of Insight Enterprises

Several hedge funds have recently added to or reduced their stakes in NSIT. Ameritas Investment Partners Inc. grew its stake in shares of Insight Enterprises by 2.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,835 shares of the software maker’s stock valued at $391,000 after buying an additional 80 shares during the last quarter. F m Investments LLC lifted its stake in shares of Insight Enterprises by 0.4% in the 2nd quarter. F m Investments LLC now owns 28,432 shares of the software maker’s stock valued at $3,926,000 after acquiring an additional 106 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Insight Enterprises by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 20,190 shares of the software maker’s stock valued at $2,788,000 after acquiring an additional 116 shares during the period. Xponance Inc. grew its position in Insight Enterprises by 5.1% during the 3rd quarter. Xponance Inc. now owns 2,454 shares of the software maker’s stock worth $278,000 after acquiring an additional 119 shares during the last quarter. Finally, State of Wyoming grew its position in Insight Enterprises by 9.2% during the 3rd quarter. State of Wyoming now owns 1,456 shares of the software maker’s stock worth $165,000 after acquiring an additional 123 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.