Insight Enterprises (NASDAQ:NSIT) Stock Price Breaks Above Two Hundred Day Moving Average – Should You Sell?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s stock price crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $112.51 and traded as high as $157.26. Insight Enterprises shares last traded at $155.64, with a volume of 232,513 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSIT. JPMorgan Chase & Co. raised their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 12th. Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. One 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 company. According to MarketBeat.com, Insight Enterprises has an average rating of “Moderate Buy” and a consensus target price of $147.50.

Insight Enterprises Price Performance

The stock’s 50 day moving average is $149.55 and its two-hundred day moving average is $113.03. The stock has a market capitalization of $4.74 billion, a PE ratio of 23.62, a price-to-earnings-growth ratio of 1.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15.

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

Insider Activity at Insight Enterprises

In related news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NSIT. Integrated Wealth Concepts LLC acquired a new position in Insight Enterprises in the second quarter valued at approximately $32,000. Caitong International Asset Management Co. Ltd raised its holdings in Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after purchasing an additional 368 shares in the last quarter. Hantz Financial Services Inc. lifted its position in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after buying an additional 668 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Insight Enterprises by 301.4% during the 2nd quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock worth $69,000 after buying an additional 425 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of Insight Enterprises in the 1st quarter valued at $117,000.

About Insight Enterprises

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.