Insight Enterprises (NASDAQ:NSIT) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Insight Enterprises (NASDAQ:NSIT) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday morning.

A number of other equities research analysts have also commented on NSIT. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price for the company in a report on Thursday, May 7th. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a research note on Friday, May 8th. Finally, Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Insight Enterprises currently has an average rating of “Moderate Buy” and an average price target of $100.00.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock opened at $128.93 on Friday. The company has a market capitalization of $3.89 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. The business has a 50-day moving average of $114.29 and a two-hundred day moving average of $91.98. Insight Enterprises has a 1 year low of $63.62 and a 1 year high of $142.43.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.43. The business had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.Insight Enterprises’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities analysts predict that Insight Enterprises will post 10.89 EPS for the current year.

Insider Buying and Selling

In other Insight Enterprises news, CFO James A. Morgado purchased 2,290 shares of the business’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, with a total value of $199,802.50. Following the transaction, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at $1,504,713.50. This represents a 15.31% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.21% of the stock is owned by company insiders.

Institutional Trading of Insight Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in Insight Enterprises by 684.8% during the first quarter. Royal Bank of Canada now owns 24,422 shares of the software maker’s stock valued at $3,664,000 after purchasing an additional 21,310 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Insight Enterprises by 39.7% during the 1st quarter. AQR Capital Management LLC now owns 15,097 shares of the software maker’s stock worth $2,264,000 after purchasing an additional 4,293 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Insight Enterprises during the 1st quarter worth approximately $221,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Insight Enterprises by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,216 shares of the software maker’s stock valued at $2,432,000 after buying an additional 714 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Insight Enterprises by 5.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 74,259 shares of the software maker’s stock valued at $11,138,000 after buying an additional 3,722 shares during the last quarter.

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.