Insight Enterprises (NASDAQ:NSIT) Hits New 12-Month Low – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $63.72 and last traded at $64.19, with a volume of 133978 shares changing hands. The stock had previously closed at $65.82.

Analyst Upgrades and Downgrades

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

Insight Enterprises Stock Up 0.3%

The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.66 and a beta of 0.92. The business’s 50-day moving average is $81.05 and its 200-day moving average is $90.20. 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 released its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.14. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in Insight Enterprises in the fourth quarter worth $36,209,000. Morgan Stanley increased its stake in shares of Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after buying an additional 362,258 shares in the last quarter. Nomura Holdings Inc. raised its holdings in shares of Insight Enterprises by 272.6% in the second quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock valued at $45,320,000 after buying an additional 240,129 shares during the last quarter. Paradigm Capital Management Inc. NY grew its holdings in Insight Enterprises by 35.9% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after acquiring an additional 214,064 shares during the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Insight Enterprises by 321.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock valued at $32,754,000 after acquiring an additional 180,860 shares in 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.