Insight Enterprises (NASDAQ:NSIT) Cut to Buy at Wall Street Zen

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

Other equities research analysts have also issued reports about the company. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. 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 note on Friday, August 7th. Barrington Research set a $180.00 target price on Insight Enterprises in a report on Monday, August 10th. Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Insight Enterprises presently has an average rating of “Moderate Buy” and a consensus price target of $147.50.

Insight Enterprises Trading Down 2.1%

Shares of Insight Enterprises stock opened at $161.84 on Friday. Insight Enterprises has a fifty-two week low of $63.62 and a fifty-two week high of $165.79. The business’s fifty day moving average is $139.63 and its two-hundred day moving average is $106.81. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.75 billion, a PE ratio of 23.70, a P/E/G ratio of 1.20 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last announced 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 analyst estimates of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Analysts anticipate that Insight Enterprises will post 11.5 earnings per share for the current year.

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction that occurred on 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 available at this hyperlink. Company insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

Institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC bought a new position in Insight Enterprises during the second quarter worth $32,000. IFP Advisors Inc increased its stake in Insight Enterprises by 301.4% during the second quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock valued at $69,000 after purchasing an additional 425 shares during the last quarter. Nykredit A S acquired a new stake in shares of Insight Enterprises during the second quarter worth $190,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Insight Enterprises during the second quarter worth $3,333,000. Finally, California State Teachers Retirement System lifted its position 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 worth $501,372,000 after buying an additional 4,081,629 shares during the last quarter.

About Insight Enterprises

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.