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

Wall Street Zen upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

NSIT has been the subject of several other research reports. Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a research note on Friday, May 8th. JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a report on Wednesday, May 27th. Weiss Ratings raised Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Finally, Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Trading Up 1.7%

NASDAQ NSIT opened at $117.65 on Friday. The firm has a market cap of $3.55 billion, a P/E ratio of 20.57, a P/E/G ratio of 1.08 and a beta of 1.08. 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 moving average is $110.90 and its 200-day moving average is $90.54. Insight Enterprises has a one year low of $63.62 and a one year high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.12 billion. During the same quarter in the previous year, the business posted $2.06 EPS. Insight Enterprises’s revenue for the quarter was up 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts anticipate that Insight Enterprises will post 10.89 earnings per share for the current fiscal year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado acquired 2,290 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $87.25 per share, with a total value of $199,802.50. Following the transaction, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. The trade was a 15.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.21% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of NSIT. Creative Planning increased its position in shares of Insight Enterprises by 1.8% during the third quarter. Creative Planning now owns 7,630 shares of the software maker’s stock valued at $865,000 after acquiring an additional 135 shares during the last quarter. CWM LLC increased its position in shares of Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after acquiring an additional 149 shares during the period. Raymond James Financial Inc. raised its position in Insight Enterprises by 1.6% in the 3rd quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker’s stock valued at $1,118,000 after purchasing an additional 154 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Insight Enterprises by 26.0% in the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock valued at $107,000 after acquiring an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors raised its stake in Insight Enterprises by 4.5% in the second quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker’s stock valued at $522,000 after buying an additional 162 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.