Insight Enterprises, Inc. (NASDAQ:NSIT) Given Average Recommendation of “Hold” by Analysts

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $100.00.

Several analysts recently issued reports on NSIT shares. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Insight Enterprises in a research report on Thursday, April 2nd. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research report on Wednesday, May 27th. Finally, Barrington Research reissued an “outperform” rating and set a $120.00 price target on shares of Insight Enterprises in a research report on Friday, February 6th.

Insight Enterprises Stock Down 6.5%

Shares of Insight Enterprises stock opened at $111.07 on Monday. The business’s 50 day simple moving average is $83.12 and its 200 day simple moving average is $83.14. Insight Enterprises has a 52-week low of $63.62 and a 52-week high of $148.58. The firm has a market cap of $3.35 billion, a PE ratio of 19.42, a P/E/G ratio of 1.04 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.43. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter last year, the firm earned $2.06 EPS. Insight Enterprises’s revenue for the quarter was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, analysts predict that Insight Enterprises will post 11.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado bought 2,290 shares of Insight Enterprises stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $87.25 per share, with a total value of $199,802.50. Following the acquisition, the chief financial officer owned 17,246 shares in the company, valued at $1,504,713.50. This trade represents a 15.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.21% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of large investors have recently modified their holdings of the business. Henshaw Capital LLC boosted its holdings 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 purchasing an additional 3,981 shares in the last quarter. Glenmede Trust Co. NA boosted its holdings 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 purchasing an additional 2,143 shares in the last quarter. Bank of America Corp DE boosted its holdings 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 purchasing an additional 62,060 shares in the last quarter. Janus Henderson Group PLC boosted its holdings 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 purchasing an additional 3,210 shares in the last quarter. Finally, Amundi boosted its holdings 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 purchasing an additional 2,602 shares in the last quarter.

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.