Insight Enterprises (NASDAQ:NSIT) Cut to Hold at Wall Street Zen

Insight Enterprises (NASDAQ:NSIT) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

NSIT has been the subject of several other reports. Barrington Research set a $120.00 price objective on Insight Enterprises in a research note on Friday, October 31st. Canaccord Genuity Group started coverage on Insight Enterprises in a report on Wednesday, November 19th. They set a “hold” rating and a $100.00 price target for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $90.00 price objective (down from $117.00) on shares of Insight Enterprises in a research note on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Insight Enterprises presently has an average rating of “Hold” and a consensus target price of $103.33.

Insight Enterprises Stock Up 1.8%

Insight Enterprises stock opened at $79.28 on Friday. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 0.40 and a beta of 0.93. The firm’s fifty day moving average price is $92.71 and its two-hundred day moving average price is $116.62. Insight Enterprises has a 1-year low of $77.10 and a 1-year high of $181.92. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.88.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the company earned $2.19 EPS. The company’s revenue was down 4.0% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. On average, equities research analysts predict that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Insight Enterprises during the 2nd quarter worth $46,972,000. Nomura Holdings Inc. increased its holdings in Insight Enterprises by 272.6% during the second quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock worth $45,320,000 after buying an additional 240,129 shares during the last quarter. Qube Research & Technologies Ltd raised its position in Insight Enterprises by 321.0% in the second quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after acquiring an additional 180,860 shares during the period. Vanguard Group Inc. boosted its stake in Insight Enterprises by 4.6% in the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock valued at $463,965,000 after acquiring an additional 179,599 shares during the last quarter. Finally, Jane Street Group LLC grew its position in shares of Insight Enterprises by 114.2% during the 2nd quarter. Jane Street Group LLC now owns 285,248 shares of the software maker’s stock valued at $39,388,000 after acquiring an additional 152,064 shares during the period.

Insight Enterprises Company Profile

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.