Insight Enterprises (NASDAQ:NSIT) Lowered to Buy Rating by Wall Street Zen

Wall Street Zen cut shares of Insight Enterprises (NASDAQ:NSIT) from a strong-buy rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other brokerages have also recently commented on NSIT. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Finally, Barrington Research set a $180.00 target price on Insight Enterprises in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Insight Enterprises presently has an average rating of “Moderate Buy” and an average target price of $147.50.

Insight Enterprises Stock Up 6.1%

Shares of NASDAQ:NSIT opened at $165.37 on Friday. The firm has a market cap of $4.85 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10. The company has a fifty day simple moving average of $138.63 and a 200 day simple moving average of $106.09. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. Insight Enterprises has a 12-month low of $63.62 and a 12-month high of $165.79.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts anticipate that Insight Enterprises will post 11.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises 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 value of $39,035.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by corporate insiders.

Institutional Trading of Insight Enterprises

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in Insight Enterprises during the 2nd quarter valued at about $587,162,000. California State Teachers Retirement System grew its position in Insight Enterprises by 11,754.5% in the 2nd quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock worth $501,372,000 after purchasing an additional 4,081,629 shares during the last quarter. Morgan Stanley increased its stake in shares of Insight Enterprises by 15.6% in the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock valued at $218,496,000 after purchasing an additional 362,258 shares during the period. State Street Corp increased its stake in shares of Insight Enterprises by 3.2% in the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock valued at $96,396,000 after purchasing an additional 36,566 shares during the period. Finally, Paradigm Capital Management Inc. NY bought a new stake in shares of Insight Enterprises during the second quarter valued at approximately $116,563,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.