Insight Enterprises (NASDAQ:NSIT) Reaches New 12-Month High – Should You Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $158.09 and last traded at $156.98, with a volume of 8755 shares traded. The stock had previously closed at $156.26.

Wall Street Analysts Forecast Growth

NSIT has been the subject of a number of research reports. Zacks Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group set a $75.00 price target on Insight Enterprises in a research note on Friday, May 8th. Raymond James Financial reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Barrington Research set a $180.00 price objective on Insight Enterprises in a research report on Monday, August 10th. Finally, Wall Street Zen downgraded Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 2nd. One equities 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $147.50.

Insight Enterprises Stock Down 0.0%

The company has a 50-day moving average of $129.14 and a two-hundred day moving average of $100.73. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market capitalization of $4.58 billion, a PE ratio of 22.87, a P/E/G ratio of 1.10 and a beta of 1.07.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of NSIT. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Insight Enterprises in the second quarter worth about $3,333,000. California State Teachers Retirement System raised its stake in Insight Enterprises by 11,754.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock valued at $501,372,000 after purchasing an additional 4,081,629 shares during the period. Studio Investment Management LLC lifted its holdings in Insight Enterprises by 2.9% in the 2nd quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker’s stock worth $445,000 after purchasing an additional 102 shares in the last quarter. Nykredit A S purchased a new position in Insight Enterprises in the 2nd quarter worth approximately $190,000. Finally, Two Sigma Securities LLC lifted its holdings in Insight Enterprises by 26.1% in the 2nd quarter. Two Sigma Securities LLC now owns 8,452 shares of the software maker’s stock worth $1,029,000 after purchasing an additional 1,752 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.