Insight Enterprises, Inc. (NASDAQ:NSIT) Receives Average Rating of “Hold” from Analysts

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $96.6667.

Several research firms have weighed in on NSIT. JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Barrington Research reiterated an “outperform” rating and issued a $120.00 target price on shares of Insight Enterprises in a report on Friday, February 6th. Raymond James Financial raised shares of Insight Enterprises to an “outperform” rating in a research report on Thursday. Wall Street Zen downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Canaccord Genuity Group set a $90.00 price objective on shares of Insight Enterprises in a research report on Friday, February 6th.

Insight Enterprises Trading Up 2.0%

NSIT traded up $1.36 during mid-day trading on Thursday, hitting $70.37. The stock had a trading volume of 1,346,763 shares, compared to its average volume of 454,706. The stock’s fifty day simple moving average is $74.94 and its 200-day simple moving average is $83.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.25 and a quick ratio of 1.22. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 14.16, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.53. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a net margin of 1.91% and a return on equity of 19.61%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, research analysts forecast that Insight Enterprises will post 11.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its position in Insight Enterprises by 11.5% in the third quarter. Principal Financial Group Inc. now owns 151,848 shares of the software maker’s stock valued at $17,221,000 after purchasing an additional 15,655 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Insight Enterprises by 4.6% during the 3rd quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after buying an additional 179,599 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Insight Enterprises by 64.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock worth $22,336,000 after buying an additional 76,992 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in shares of Insight Enterprises by 14.2% during the 3rd quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker’s stock worth $20,082,000 after buying an additional 22,072 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Insight Enterprises by 31.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock worth $21,033,000 after purchasing an additional 59,987 shares in the last quarter.

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.