Insight Enterprises’ (NSIT) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

Insight Enterprises (NASDAQ:NSIT)‘s stock had its “underweight” rating restated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Monday,Benzinga reports. They presently have a $90.00 target price on the software maker’s stock, down from their previous target price of $117.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 13.68% from the stock’s previous close.

A number of other brokerages have also weighed in on NSIT. Weiss Ratings reissued a “hold (c-)” rating on shares of Insight Enterprises in a report on Wednesday, October 8th. Barrington Research set a $120.00 price objective on shares of Insight Enterprises in a research note on Friday, October 31st. Canaccord Genuity Group started coverage on shares of Insight Enterprises in a report on Wednesday, November 19th. They set a “hold” rating and a $100.00 target price for the company. Finally, Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $103.33.

Insight Enterprises Price Performance

Shares of NSIT opened at $79.17 on Monday. The stock has a market capitalization of $2.45 billion, a PE ratio of 19.04, a PEG ratio of 0.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.27 and a current ratio of 1.30. Insight Enterprises has a fifty-two week low of $81.59 and a fifty-two week high of $181.92. The company has a 50 day moving average price of $95.67 and a 200-day moving average price of $118.22.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 EPS for the quarter, missing the consensus estimate of $2.49 by ($0.06). Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter last year, the firm earned $2.19 EPS. The company’s revenue was down 4.0% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. Equities analysts predict that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NSIT. Ameritas Investment Partners Inc. increased its holdings in Insight Enterprises by 2.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,835 shares of the software maker’s stock valued at $391,000 after buying an additional 80 shares in the last quarter. F m Investments LLC raised its holdings in Insight Enterprises by 0.4% during the second quarter. F m Investments LLC now owns 28,432 shares of the software maker’s stock worth $3,926,000 after purchasing an additional 106 shares during the last quarter. Maryland State Retirement & Pension System increased its position in shares of Insight Enterprises by 1.4% in the second quarter. Maryland State Retirement & Pension System now owns 8,069 shares of the software maker’s stock valued at $1,114,000 after buying an additional 110 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Insight Enterprises by 0.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 20,190 shares of the software maker’s stock valued at $2,788,000 after acquiring an additional 116 shares in the last quarter. Finally, Xponance Inc. raised its position in Insight Enterprises by 5.1% during the third quarter. Xponance Inc. now owns 2,454 shares of the software maker’s stock worth $278,000 after acquiring an additional 119 shares during the last quarter.

About Insight Enterprises

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.