Insight Enterprises, Inc. (NASDAQ:NSIT) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $147.50.

Several research analysts have weighed in on the company. Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Wall Street Zen upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Finally, Barrington Research set a $180.00 target price on Insight Enterprises in a research report on Monday, August 10th.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $157.34 on Wednesday. The company has a 50-day simple moving average of $136.01 and a 200-day simple moving average of $104.67. 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 company has a market cap of $4.62 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.10. Insight Enterprises has a 12 month low of $63.62 and a 12 month high of $161.76.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) 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 business had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. The company’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, equities analysts anticipate that Insight Enterprises will post 11.5 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Investors Weigh In On Insight Enterprises

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Insight Enterprises in the second quarter valued at approximately $587,162,000. California State Teachers Retirement System boosted its holdings in shares of Insight Enterprises by 11,754.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock valued at $501,372,000 after purchasing an additional 4,081,629 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at $116,563,000. Norges Bank purchased a new stake in shares of Insight Enterprises during the 4th quarter valued at $36,209,000. Finally, Morgan Stanley grew its stake 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.

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.