Insight Enterprises, Inc. (NASDAQ:NSIT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have earned an average rating of “Moderate Buy” from the six brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $100.00.

NSIT has been the subject of a number of research analyst reports. Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Sunday, May 10th. Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a research report on Wednesday, May 27th. Finally, Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a research report on Friday, May 8th.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $113.90 on Friday. 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 stock has a market cap of $3.44 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. The firm has a 50 day simple moving average of $94.55 and a 200-day simple moving average of $85.46. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data 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. The firm had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, analysts expect that Insight Enterprises will post 11.43 EPS for the current year.

Insider Buying and Selling at Insight Enterprises

In related news, CFO James A. Morgado acquired 2,290 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $87.25 per share, with a total value of $199,802.50. Following the transaction, the chief financial officer 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 filing with the SEC, which is available at the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds have recently added to or reduced their stakes in the business. Henshaw Capital LLC lifted its holdings in Insight Enterprises by 27.2% during the 1st quarter. Henshaw Capital LLC now owns 18,620 shares of the software maker’s stock worth $1,248,000 after buying an additional 3,981 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Insight Enterprises by 81.2% during the 1st quarter. Glenmede Trust Co. NA now owns 4,783 shares of the software maker’s stock worth $321,000 after buying an additional 2,143 shares in the last quarter. Bank of America Corp DE lifted its holdings in Insight Enterprises by 24.4% during the 1st 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. Janus Henderson Group PLC lifted its holdings in Insight Enterprises by 27.3% during the 1st quarter. Janus Henderson Group PLC now owns 14,974 shares of the software maker’s stock worth $1,003,000 after buying an additional 3,210 shares in the last quarter. Finally, Amundi lifted its holdings in Insight Enterprises by 16.7% during the 1st quarter. Amundi now owns 18,189 shares of the software maker’s stock worth $1,219,000 after buying an additional 2,602 shares in the last quarter.

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.