Insight Enterprises (NASDAQ:NSIT) Sets New 12-Month High After Analyst Upgrade

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price reached a new 52-week high on Monday after JPMorgan Chase & Co. raised their price target on the stock from $135.00 to $160.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Insight Enterprises traded as high as $154.57 and last traded at $147.5750, with a volume of 547834 shares trading hands. The stock had previously closed at $149.32.

NSIT has been the topic of several other reports. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a report on Friday, May 8th. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen downgraded Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of NSIT. Creative Planning raised its position in shares of Insight Enterprises by 1.8% in the 3rd quarter. Creative Planning now owns 7,630 shares of the software maker’s stock worth $865,000 after acquiring an additional 135 shares in the last quarter. CWM LLC boosted its position 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 purchasing an additional 149 shares in the last quarter. Raymond James Financial Inc. boosted its position in shares of Insight Enterprises by 1.6% during 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 grew its stake in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker’s stock worth $107,000 after purchasing an additional 160 shares during the period. Finally, Captrust Financial Advisors grew its stake in Insight Enterprises by 4.5% during the second quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker’s stock worth $522,000 after purchasing an additional 162 shares during the period.

Insight Enterprises Stock Performance

The firm has a market capitalization of $4.47 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.37 and a beta of 1.07. The stock has a fifty day simple moving average of $118.23 and a two-hundred day simple moving average of $94.01. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating the consensus estimate of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the business earned $2.45 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

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.