Insight Enterprises (NASDAQ:NSIT) CFO Buys $199,802.50 in Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) CFO James Morgado bought 2,290 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at approximately $1,504,713.50. This trade represents a 15.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Insight Enterprises Stock Up 0.3%

Shares of NSIT stock traded up $0.30 during trading hours on Wednesday, reaching $87.32. 573,039 shares of the stock were exchanged, compared to its average volume of 469,093. The business’s fifty day moving average is $75.12 and its two-hundred day moving average is $82.57. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $148.58. The firm has a market capitalization of $2.65 billion, a P/E ratio of 15.27, a P/E/G ratio of 0.78 and a beta of 0.96.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm earned $2.06 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, research analysts expect that Insight Enterprises, Inc. will post 11.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NSIT shares. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, April 16th. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a report on Friday, May 8th. Barrington Research reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Insight Enterprises in a report on Friday, February 6th. Wall Street Zen raised Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $93.75.

Institutional Investors Weigh In On Insight Enterprises

Several large investors have recently modified their holdings of NSIT. CWM LLC boosted its holdings in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after acquiring an additional 149 shares during the period. Torren Management LLC acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $44,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Insight Enterprises by 172.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock valued at $47,000 after acquiring an additional 368 shares during the period. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Insight Enterprises in the third quarter valued at approximately $48,000. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Insight Enterprises by 467.1% in the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after acquiring an additional 668 shares during the period.

About Insight Enterprises

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.