James Morgado Acquires 2,290 Shares of Insight Enterprises (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSIT) CFO James Morgado acquired 2,290 shares of Insight Enterprises stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the completion of 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 transaction was disclosed in a filing with the SEC, which is available at this link.

Insight Enterprises Trading Up 0.3%

NSIT traded up $0.30 on Wednesday, hitting $87.32. The company had a trading volume of 573,039 shares, compared to its average volume of 469,093. The firm has a market cap of $2.65 billion, a P/E ratio of 15.27, a PEG ratio of 0.78 and a beta of 0.96. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $148.58. The company’s fifty day moving average price is $75.12 and its 200 day moving average price is $82.57. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.43. The firm had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. Insight Enterprises’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 11.29 earnings per share for the current year.

Institutional Trading of Insight Enterprises

A number of large investors have recently made changes to their positions in NSIT. Norges Bank purchased a new stake in shares of Insight Enterprises during the fourth quarter worth approximately $36,209,000. Morgan Stanley increased its stake in shares of Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after buying an additional 362,258 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of Insight Enterprises by 35.9% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after buying an additional 214,064 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of Insight Enterprises by 321.0% during the second quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after buying an additional 180,860 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Insight Enterprises by 4.6% during the third quarter. Vanguard Group Inc. now owns 4,091,041 shares of the software maker’s stock worth $463,965,000 after buying an additional 179,599 shares during the period.

Analysts Set New Price Targets

A number of brokerages have issued reports on NSIT. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Insight Enterprises in a research note on Thursday, April 2nd. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday. JPMorgan Chase & Co. cut their price target on shares of Insight Enterprises from $90.00 to $80.00 and set an “underweight” rating on the stock in a research note on Thursday, April 16th. Finally, Raymond James Financial upgraded 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 research note on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.