Insight Enterprises (NASDAQ:NSIT) Sets New 52-Week High – Should You Buy?

Insight Enterprises, Inc. (NASDAQ:NSIT) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $137.52 and last traded at $136.96, with a volume of 101691 shares traded. The stock had previously closed at $131.67.

Analyst Upgrades and Downgrades

NSIT has been the subject of several research reports. Weiss Ratings upgraded shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, June 17th. Needham & Company LLC upgraded shares of Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upgraded shares of Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.00.

Insight Enterprises Stock Up 4.9%

The firm has a 50 day moving average price of $114.96 and a 200-day moving average price of $92.32. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The company’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 10.89 EPS for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

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

Institutional Trading of Insight Enterprises

A number of institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Insight Enterprises during the 4th quarter worth about $36,209,000. Morgan Stanley raised its position in shares of Insight Enterprises by 15.6% in the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after acquiring an additional 362,258 shares during the period. Paradigm Capital Management Inc. NY raised its position in shares of Insight Enterprises by 35.9% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock valued at $66,053,000 after acquiring an additional 214,064 shares during the period. Qube Research & Technologies Ltd boosted its stake in Insight Enterprises by 321.0% during the 2nd quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after acquiring an additional 180,860 shares during the last quarter. Finally, Pacer Advisors Inc. bought a new position in Insight Enterprises during the 4th quarter worth approximately $12,764,000.

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.