Insight Enterprises (NASDAQ:NSIT) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $81.85 and traded as high as $93.89. Insight Enterprises shares last traded at $93.57, with a volume of 435,350 shares.

Wall Street Analysts Forecast Growth

NSIT has been the topic of several recent analyst reports. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a research note on Friday, May 8th. Barrington Research reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Insight Enterprises in a research note on Friday, February 6th. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insight Enterprises in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Insight Enterprises presently has a consensus rating of “Hold” and an average price target of $93.75.

Insight Enterprises Stock Performance

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $75.82 and its two-hundred day simple moving average is $81.85. The stock has a market cap of $2.83 billion, a P/E ratio of 16.36, a price-to-earnings-growth ratio of 0.81 and a beta of 0.96.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the previous year, the firm posted $2.06 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, research analysts forecast that Insight Enterprises, Inc. will post 11.34 EPS for the current year.

Insider Activity

In other Insight Enterprises news, CFO James A. Morgado acquired 2,290 shares of the stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the acquisition, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.21% of the stock is owned by company insiders.

Institutional Trading of Insight Enterprises

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Insight Enterprises by 24.4% in the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock valued at $21,176,000 after purchasing an additional 62,060 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Insight Enterprises by 27.3% in the first quarter. Janus Henderson Group PLC now owns 14,974 shares of the software maker’s stock valued at $1,003,000 after purchasing an additional 3,210 shares during the last quarter. Amundi raised its holdings in shares of Insight Enterprises by 16.7% in the first quarter. Amundi now owns 18,189 shares of the software maker’s stock valued at $1,219,000 after purchasing an additional 2,602 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Insight Enterprises by 24.0% in the first quarter. California State Teachers Retirement System now owns 34,724 shares of the software maker’s stock valued at $2,327,000 after purchasing an additional 6,728 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Insight Enterprises by 38.3% in the first quarter. Quantinno Capital Management LP now owns 12,250 shares of the software maker’s stock valued at $821,000 after purchasing an additional 3,392 shares during 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.