Insight Enterprises (NASDAQ:NSIT) Sees Strong Trading Volume – Time to Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) shares saw strong trading volume on Monday . 475,892 shares were traded during mid-day trading, an increase of 4% from the previous session’s volume of 456,544 shares.The stock last traded at $85.7550 and had previously closed at $83.79.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday. JPMorgan Chase & Co. decreased their price target 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday, April 2nd. Raymond James Financial upgraded 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 report on Thursday. Finally, Barrington Research reiterated an “outperform” rating and issued a $120.00 price target on shares of Insight Enterprises in a report on Friday, February 6th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Insight Enterprises has an average rating of “Hold” and an average target price of $93.75.

Insight Enterprises Price Performance

The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 0.82 and a beta of 0.96. The company’s fifty day moving average is $74.94 and its two-hundred day moving average is $83.05.

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, beating the consensus estimate of $2.45 by $0.43. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Equities research analysts forecast that Insight Enterprises, Inc. will post 11.29 EPS for the current year.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds and other institutional investors have recently made changes to their positions in the business. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Insight Enterprises during the 3rd quarter valued at $48,000. CWM LLC lifted its holdings in shares of Insight Enterprises by 39.2% during the 4th quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after acquiring an additional 149 shares in the last quarter. Torren Management LLC acquired a new position in shares of Insight Enterprises during the 4th quarter valued at $44,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Insight Enterprises by 172.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after acquiring an additional 368 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Insight Enterprises by 24.3% in the 3rd quarter. Covestor Ltd now owns 665 shares of the software maker’s stock worth $75,000 after buying an additional 130 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.