Insight Enterprises (NASDAQ:NSIT) Price Target Raised to $170.00

Insight Enterprises (NASDAQ:NSIT) had its target price upped by JPMorgan Chase & Co. from $160.00 to $170.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Several other equities analysts have also commented on the company. Barrington Research set a $180.00 target price on Insight Enterprises in a report on Monday, August 10th. Raymond James Financial reissued an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Zacks Research cut shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings raised Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, October 28th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $175.00.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $158.25 on Friday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.16 and a current ratio of 1.19. The business’s fifty day moving average price is $162.73 and its two-hundred day moving average price is $115.24. The stock has a market cap of $4.64 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.15 and a beta of 1.06. Insight Enterprises has a one year low of $63.62 and a one year high of $182.12.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, November 5th. The software maker reported $3.59 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.74. Insight Enterprises had a net margin of 2.01% and a return on equity of 24.01%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm posted $2.43 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 13.550-13.750 EPS. On average, analysts forecast that Insight Enterprises will post 11.50 EPS for the current fiscal year.

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.21% of the company’s stock.

Hedge Funds Weigh In On Insight Enterprises

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Diversified Trust Co increased its position in shares of Insight Enterprises by 11.2% during the 3rd quarter. Diversified Trust Co now owns 2,356 shares of the software maker’s stock valued at $368,000 after purchasing an additional 237 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Insight Enterprises by 47.7% in the third quarter. Maryland State Retirement & Pension System now owns 6,518 shares of the software maker’s stock valued at $1,019,000 after buying an additional 2,105 shares during the period. Fulcrum Asset Management LLP lifted its holdings in shares of Insight Enterprises by 494.3% in the third quarter. Fulcrum Asset Management LLP now owns 10,566 shares of the software maker’s stock valued at $1,644,000 after buying an additional 8,788 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Insight Enterprises in the third quarter valued at $6,379,000. Finally, Ethic Inc. bought a new position in Insight Enterprises during the third quarter valued at about $203,000.

Insight Enterprises Company Profile

Insight Enterprises is a global technology solutions provider that helps businesses and public-sector organizations plan, build and manage their IT environments. The company works with clients on digital transformation and technology projects, from selecting and sourcing products to implementing and supporting solutions.

Its offerings include computers, software and other technology products, as well as cloud services, cybersecurity, data and artificial intelligence solutions, and managed services.