Insight Enterprises (NASDAQ:NSIT) Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Insight Enterprises (NASDAQ:NSIT) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks reports.

NSIT has been the subject of several other reports. Barrington Research set a $180.00 price objective on shares of Insight Enterprises in a report on Monday, August 10th. 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 research note on Friday, August 7th. Wall Street Zen cut shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Raymond James Financial reissued an “outperform” rating and issued a $175.00 price target on shares of Insight Enterprises in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $147.50.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $161.37 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises has a fifty-two week low of $63.62 and a fifty-two week high of $168.50. The firm has a market cap of $4.74 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.16 and a beta of 1.06. The business’s 50 day moving average price is $154.07 and its 200-day moving average price is $116.57.

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

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.21% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NSIT. Integrated Wealth Concepts LLC bought a new stake in Insight Enterprises during the second quarter worth about $32,000. Polaris Financial Partners purchased a new stake in Insight Enterprises in the third quarter worth about $41,000. Farther Finance Advisors LLC increased its stake in shares of Insight Enterprises by 35.2% during the third quarter. Farther Finance Advisors LLC now owns 338 shares of the software maker’s stock valued at $53,000 after purchasing an additional 88 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Insight Enterprises by 301.4% during the second quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock valued at $69,000 after purchasing an additional 425 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 valued at $47,000 after purchasing an additional 368 shares during the last quarter.

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.