Canaccord Genuity Group Issues Positive Forecast for Insight Enterprises (NASDAQ:NSIT) Stock Price

Insight Enterprises (NASDAQ:NSIT – Get Free Report) had its target price lifted by analysts at Canaccord Genuity Group from $140.00 to $175.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the software maker’s stock. Canaccord Genuity Group‘s price target would indicate a potential upside of 10.68% from the stock’s current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. upped their target price on Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and issued a $175.00 price target on shares of Insight Enterprises in a research note on Thursday, August 6th. Zacks Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings upgraded Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Finally, Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $172.50.

Read Our Latest Stock Report on NSIT

Insight Enterprises Trading Up 3.5%

Shares of NASDAQ NSIT traded up $5.40 during midday trading on Friday, reaching $158.12. 143,069 shares of the stock were exchanged, compared to its average volume of 436,251. The stock has a 50 day moving average price of $162.69 and a 200-day moving average price of $114.85. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $4.64 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.27 and a beta of 1.06. Insight Enterprises has a 52-week low of $63.62 and a 52-week high of $182.12.

Insight Enterprises (NASDAQ:NSIT – Get Free Report) last announced its earnings results on Thursday, November 5th. The software maker reported $3.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.74. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.15 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. Insight Enterprises’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.43 earnings per share. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. Equities research analysts expect that Insight Enterprises will post 11.50 earnings per share for the current fiscal year.

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction on Friday, August 28th. The stock was 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 can be accessed through this hyperlink. 1.21% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Insight Enterprises

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Insight Enterprises during the second quarter worth $32,000. Polaris Financial Partners acquired a new stake in Insight Enterprises during the 3rd quarter valued at $41,000. Reyes Financial Architecture Inc. acquired a new stake in Insight Enterprises during the 3rd quarter valued at $51,000. Farther Finance Advisors LLC increased its stake in Insight Enterprises by 35.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker’s stock worth $53,000 after buying an additional 88 shares during the period. Finally, IFP Advisors Inc increased its stake in Insight Enterprises by 301.4% during the 2nd quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock worth $69,000 after buying an additional 425 shares during the period.

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Insight Enterprises Company Profile

(Get Free Report)

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.

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