Insight Enterprises, Inc. (NASDAQ:NSIT) Receives $100.00 Consensus Target Price from Analysts

Insight Enterprises, Inc. (NASDAQ:NSIT) has earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $100.00.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Saturday. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Finally, Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a report on Thursday, May 7th.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $117.65 on Tuesday. The firm has a market cap of $3.55 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.08 and a beta of 1.08. The business’s 50 day moving average is $110.90 and its 200-day moving average is $90.54. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. Insight Enterprises has a 1-year low of $63.62 and a 1-year high of $148.58.

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

Insider Activity

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 stock was acquired at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the completion of the purchase, the chief financial officer owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.21% of the company’s stock.

Institutional Trading of Insight Enterprises

A number of institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Insight Enterprises during the 4th quarter worth $36,209,000. Morgan Stanley raised its stake in Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after purchasing an additional 362,258 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in Insight Enterprises by 35.9% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after purchasing an additional 214,064 shares during the period. Qube Research & Technologies Ltd lifted its position in Insight Enterprises by 321.0% during the second quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after purchasing an additional 180,860 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in Insight Enterprises during the fourth quarter worth about $12,764,000.

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.