Insight Enterprises (NASDAQ:NSIT) Downgraded to Hold Rating by Wall Street Zen

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

A number of other research firms also recently commented on NSIT. Weiss Ratings downgraded shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 5th. Canaccord Genuity Group set a $90.00 price target on shares of Insight Enterprises in a research report on Friday, February 6th. JPMorgan Chase & Co. reiterated 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, Barrington Research reissued an “outperform” rating and issued a $120.00 price objective on shares of Insight Enterprises in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $100.00.

Insight Enterprises Price Performance

NSIT opened at $65.82 on Friday. Insight Enterprises has a 12-month low of $64.06 and a 12-month high of $153.52. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.83. The business’s fifty day simple moving average is $81.68 and its 200-day simple moving average is $91.54. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 0.72 and a beta of 0.92.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 5th. The software maker reported $2.96 EPS for the quarter, beating the consensus estimate of $2.82 by $0.14. Insight Enterprises had a return on equity of 19.61% and a net margin of 1.91%.The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm posted $2.66 earnings per share. The business’s revenue for the quarter was down 1.2% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities research analysts anticipate that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Insight Enterprises by 4.6% during the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock valued at $463,965,000 after buying an additional 179,599 shares during the last quarter. Morgan Stanley grew its position 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 buying an additional 362,258 shares during the last quarter. State Street Corp grew its position in shares of Insight Enterprises by 3.2% in the 4th quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after buying an additional 36,566 shares during the last quarter. Dimensional Fund Advisors LP raised 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 worth $73,847,000 after acquiring an additional 94,877 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in shares of Insight Enterprises by 35.9% during the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after acquiring an additional 214,064 shares in the last quarter.

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.