Insight Enterprises (NASDAQ:NSIT) Stock Rating Upgraded by Wall Street Zen

Insight Enterprises (NASDAQ:NSIT) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.

A number of other research analysts have also issued reports on the company. Weiss Ratings upgraded Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research note on Friday, May 8th. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. raised shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price on the stock in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $117.65 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. Insight Enterprises has a one year low of $63.62 and a one year high of $148.58. The business’s 50 day moving average price is $110.90 and its 200 day moving average price is $90.54. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.06 and a beta of 1.08.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts predict that Insight Enterprises will post 10.89 EPS for the current year.

Insider Activity at Insight Enterprises

In related news, CFO James A. Morgado purchased 2,290 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NSIT. Morgan Stanley grew its holdings in shares of Insight Enterprises by 15.6% in the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after acquiring an additional 362,258 shares during the period. State Street Corp raised its position in shares of Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock valued at $96,396,000 after buying an additional 36,566 shares during the last quarter. Paradigm Capital Management Inc. NY grew its position in shares of Insight Enterprises by 17.9% in the first quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker’s stock valued at $64,057,000 after purchasing an additional 145,169 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Insight Enterprises by 11.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after acquiring an additional 94,877 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Insight Enterprises by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock worth $60,457,000 after purchasing an additional 8,919 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.