Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Has Consensus Target Price of $147.50

Insight Enterprises, Inc. (NASDAQ:NSIT) has earned a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $147.50.

NSIT has been the topic of several research reports. Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a research note on Monday, August 10th. Zacks Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Weiss Ratings raised shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th.

Insiders Place Their Bets

In related news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction that occurred 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Insight Enterprises

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Insight Enterprises in the second quarter worth $587,162,000. Paradigm Capital Management Inc. NY bought a new position in shares of Insight Enterprises during the second quarter valued at $116,563,000. Norges Bank purchased a new position in shares of Insight Enterprises in the 4th quarter worth about $36,209,000. Bank of America Corp DE raised its position in shares of Insight Enterprises by 24.4% in the 1st quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock worth $21,176,000 after purchasing an additional 62,060 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Insight Enterprises by 6.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 265,601 shares of the software maker’s stock worth $17,856,000 after purchasing an additional 15,092 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $163.60 on Friday. Insight Enterprises has a 12 month low of $63.62 and a 12 month high of $168.50. The firm has a market capitalization of $4.80 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.19 and a beta of 1.06. 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 business has a fifty day simple moving average of $154.76 and a two-hundred day simple moving average of $116.90.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results 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. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities analysts forecast that Insight Enterprises will post 11.50 earnings per share for the current fiscal year.

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.