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

Insight Enterprises, Inc. (NASDAQ:NSIT) shares hit a new 52-week high during mid-day trading on Tuesday. The company traded as high as $170.38 and last traded at $169.4980, with a volume of 26,651 shares changing hands. The stock had previously closed at $166.10.

Analysts Set New Price Targets

NSIT has been the subject of a number of recent research reports. Raymond James Financial reissued an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Zacks Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Wall Street Zen cut Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. JPMorgan Chase & Co. raised their price target 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. Finally, Weiss Ratings upgraded Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Insight Enterprises currently has a consensus rating of “Hold” and an average price target of $147.50.

Insight Enterprises Trading Down 5.6%

The stock has a market cap of $4.87 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The stock has a 50-day moving average of $156.74 and a 200 day moving average of $119.39. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the prior year, the business posted $2.45 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, sell-side analysts anticipate that Insight Enterprises, Inc. will post 11.50 earnings per share for the current year.

Insider Buying and Selling at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Insight Enterprises during the 2nd quarter worth $587,162,000. Paradigm Capital Management Inc. NY purchased a new stake in Insight Enterprises during the 2nd quarter worth about $116,563,000. Bank of America Corp DE grew its holdings in shares of Insight Enterprises by 24.4% during the first quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock worth $21,176,000 after buying an additional 62,060 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Insight Enterprises by 6.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 265,601 shares of the software maker’s stock valued at $17,856,000 after buying an additional 15,092 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new position in Insight Enterprises in the second quarter valued at $26,602,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations plan, procure, implement and manage information technology. The company offers hardware, software, cloud solutions and related services from technology vendors, serving businesses, government agencies, schools and other institutions.

Its services include cloud and data center solutions, cybersecurity, managed services, digital transformation, modern workplace initiatives, software asset management and IT consulting.