Insight Enterprises, Inc. (NASDAQ:NSIT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $100.00.

A number of analysts have commented on NSIT shares. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a report on Wednesday, May 27th.

Insider Buying and Selling

In other Insight Enterprises news, CFO James A. Morgado acquired 2,290 shares of the business’s stock in a transaction on Monday, May 11th. The stock was bought at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the acquisition, the chief financial officer owned 17,246 shares in the company, valued at approximately $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 SEC, which is available through the SEC website. Insiders own 1.21% of the company’s stock.

Institutional Trading of Insight Enterprises

Several hedge funds have recently made changes to their positions in the company. Henshaw Capital LLC grew its stake in shares of Insight Enterprises by 27.2% in the 1st quarter. Henshaw Capital LLC now owns 18,620 shares of the software maker’s stock valued at $1,248,000 after buying an additional 3,981 shares during the period. Glenmede Trust Co. NA grew its stake in shares of Insight Enterprises by 81.2% in the 1st quarter. Glenmede Trust Co. NA now owns 4,783 shares of the software maker’s stock valued at $321,000 after buying an additional 2,143 shares during the period. Bank of America Corp DE grew its stake in shares of Insight Enterprises by 24.4% in the 1st quarter. Bank of America Corp DE now owns 316,014 shares of the software maker’s stock valued at $21,176,000 after buying an additional 62,060 shares during the period. Janus Henderson Group PLC grew its stake in shares of Insight Enterprises by 27.3% in the 1st quarter. Janus Henderson Group PLC now owns 14,974 shares of the software maker’s stock valued at $1,003,000 after buying an additional 3,210 shares during the period. Finally, Amundi grew its stake in shares of Insight Enterprises by 16.7% in the 1st quarter. Amundi now owns 18,189 shares of the software maker’s stock valued at $1,219,000 after buying an additional 2,602 shares during the period.

Insight Enterprises Stock Up 0.5%

NSIT stock opened at $113.90 on Friday. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 0.99 and a beta of 1.10. 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 12 month low of $63.62 and a 12 month high of $148.58. The firm has a 50-day moving average of $94.55 and a two-hundred day moving average of $85.46.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. Insight Enterprises’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, analysts forecast that Insight Enterprises will post 11.43 earnings per share for the current fiscal year.

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.