Insight Enterprises (NASDAQ:NSIT) Hits New 52-Week High – What’s Next?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $159.42 and last traded at $159.15, with a volume of 181199 shares trading hands. The stock had previously closed at $152.06.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Weiss Ratings upgraded Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Insight Enterprises Trading Up 4.7%

The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The business’s 50 day moving average is $132.75 and its 200 day moving average is $102.54. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.12 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.Insight Enterprises’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In related news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.21% of the company’s stock.

Institutional Trading of Insight Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NSIT. BlackRock Inc. acquired a new position in shares of Insight Enterprises during the second quarter worth about $587,162,000. California State Teachers Retirement System grew its stake in shares of Insight Enterprises by 11,754.5% in the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock valued at $501,372,000 after buying an additional 4,081,629 shares in the last quarter. Morgan Stanley raised its holdings in shares of Insight Enterprises by 15.6% during the 4th 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 during the period. State Street Corp lifted its position in Insight Enterprises by 3.2% during the 4th quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after acquiring an additional 36,566 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY acquired a new position in Insight Enterprises during the 2nd quarter worth approximately $116,563,000.

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.