Insight Enterprises (NASDAQ:NSIT) Hits New 1-Year High – Here’s What Happened

Insight Enterprises, Inc. (NASDAQ:NSIT) shares hit a new 52-week high during trading on Thursday . The company traded as high as $167.95 and last traded at $165.19, with a volume of 408517 shares changing hands. The stock had previously closed at $160.72.

Analyst Upgrades and Downgrades

NSIT has been the topic of a number of recent research reports. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a report on Monday, August 10th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Finally, Raymond James Financial reissued an “outperform” rating and set a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Moderate Buy” and an average price target of $147.50.

Insight Enterprises Trading Up 0.2%

The stock has a 50 day moving average of $143.09 and a 200-day moving average of $108.76. The company has a market capitalization of $4.55 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.12 and a beta of 1.10. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 11.5 EPS for the current year.

Insider Buying and Selling

In related news, General Counsel Karim Adatia sold 248 shares of the business’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.21% of the stock is owned by company insiders.

Hedge Funds Weigh In On Insight Enterprises

Hedge funds have recently bought and sold shares of the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Insight Enterprises in the second quarter valued at about $32,000. IFP Advisors Inc boosted its holdings in shares of Insight Enterprises by 301.4% in the second quarter. IFP Advisors Inc now owns 566 shares of the software maker’s stock valued at $69,000 after acquiring an additional 425 shares in the last quarter. Nykredit A S purchased a new stake in shares of Insight Enterprises in the second quarter valued at about $190,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Insight Enterprises during the 2nd quarter worth approximately $3,333,000. Finally, Studio Investment Management LLC boosted its position in shares of Insight Enterprises by 2.9% during the 2nd quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker’s stock worth $445,000 after purchasing an additional 102 shares in the last quarter.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.