Insider Buying: Insight Enterprises (NASDAQ:NSIT) CFO Acquires $199,802.50 in Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) CFO James Morgado acquired 2,290 shares of the company’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 acquisition, the chief financial officer owned 17,246 shares of the company’s stock, valued at $1,504,713.50. The trade was 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.

Insight Enterprises Stock Performance

NSIT opened at $88.90 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 0.79 and a beta of 0.96. The company’s 50 day moving average is $75.26 and its 200 day moving average is $82.33. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The company had revenue of $2.13 billion for 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%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 11.34 EPS for the current year.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC boosted its position in shares of Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker’s stock worth $43,000 after acquiring an additional 149 shares during the last quarter. Torren Management LLC bought a new position in shares of Insight Enterprises during the fourth quarter worth $44,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Insight Enterprises by 172.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker’s stock worth $47,000 after acquiring an additional 368 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Insight Enterprises during the third quarter worth $48,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Insight Enterprises by 467.1% during the fourth quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock worth $66,000 after acquiring an additional 668 shares during the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of several analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Insight Enterprises in a report on Thursday, April 2nd. JPMorgan Chase & Co. lowered their price target on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a report on Friday, May 8th. Finally, Raymond James Financial raised shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Insight Enterprises currently has an average rating of “Hold” and an average price target of $93.75.

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.