Insight Enterprises (NASDAQ:NSIT) Reaches New 12-Month Low – Here’s What Happened

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $111.10 and last traded at $112.52, with a volume of 442361 shares traded. The stock had previously closed at $112.77.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NSIT shares. JPMorgan Chase & Co. boosted their price objective on shares of Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Barrington Research reissued an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a research note on Monday, September 15th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $183.00.

Insight Enterprises Trading Down 0.9%

The firm has a market cap of $3.54 billion, a P/E ratio of 26.83, a P/E/G ratio of 1.04 and a beta of 1.13. The business’s 50-day moving average is $125.99 and its two-hundred day moving average is $134.03. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period last year, the firm earned $2.46 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. As a group, analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of NSIT. Norges Bank acquired a new stake in Insight Enterprises in the 2nd quarter valued at about $46,972,000. Nomura Holdings Inc. lifted its position in shares of Insight Enterprises by 272.6% in the second quarter. Nomura Holdings Inc. now owns 328,205 shares of the software maker’s stock valued at $45,320,000 after buying an additional 240,129 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Insight Enterprises by 48.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock valued at $83,748,000 after buying an additional 181,104 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Insight Enterprises by 321.0% during the 2nd 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. Finally, Jane Street Group LLC increased its holdings 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 worth $39,388,000 after acquiring an additional 152,064 shares during the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.